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Bitcoin, Ethereum, Dogecoin Rally As Crippling Sanctions On Russia Give Rise To Expectations Of Them Emerging As SWIFT Competition – Bitcoin – United States Dollar ($BTC)

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Bitcoin and other coins rose sharply Monday evening as the global cryptocurrency market cap rose 12.2% to $2 trillion.

Price Performance Of Major Coins
Coin 24-hour 7-day Price
Bitcoin (CRYPTO: BTC) -15.7% 17.3% $43,497.43
Ethereum (CRYPTO: ETH) 12.8% 14.4% $2,946.14
Dogecoin (CRYPTO: DOGE) 8.9% 3.9% $0.13
Top 24-Hour Gainers (Data via CoinGecko)
Cryptocurrency 24-Hour % Change (+/-) Price
Waves (WAVES) +49.4% $16.96
Theta Network (THETA) +26% $3.38
Neo (NEO) +24.7% ​​$24.59

See Also: How To Buy Bitcoin (BTC)

Why It Matters: Investors will be on the lookout for Federal Reserve Chair Jerome Powell as he makes his appearance before Congress this week for delivering his semiannual Monetary Policy Report testimony.

As Western nations mount sanctions on Russia after it invaded Ukraine last week, the anxiety around aggressive rate-hikes has simmered down, however, the Federal Reserve is expected to push through a quarter-point rate hike at its two-day March policy meeting, reported Reuters.

“We expect Chair Powell to hint strongly in his…

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