Russia is marching towards Kyiv, the capital of Ukraine. Vladimir Putin also put his nuclear army on alert after sanctions from the West. However, Ukraine has announced that it will negotiate peace in the midst of a crisis.
With the exception of the USD coin in the USD peg, all the top digital tokens were down. Avalanches were more than 7% in tanks and Terra fell 5%. Ethereum decreased by 4%.
The global cryptocurrency market capitalization today is $ 1.71 trillion, down about 2% in the last 24 hours. Meanwhile, total cryptocurrency trading volume increased 19% to $ 80.86 billion.
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The Supreme Court has asked the Center to clarify its position on whether cryptocurrency transactions involving Bitcoin or other such currencies are legal in India.
This problem arose in a criminal case in which the accused faced the crime of fraudulently fraudulent people with cryptocurrency fraud. The Under Secretary of Finance has revealed that cryptocurrencies will never be fiat currencies.
Expert take
After Russia invaded Ukraine, many countries in the world imposed sanctions on the Russian economy. These sanctions are focused on complicating Russia’s ability to make cross-border payments and freezing foreign assets of the Russian elite or Russian oligarchs, WazirX Trade Desk said.
“Economists expect these sanctions to be likely to be circumvented with the help of cryptocurrencies, which could bring cryptocurrencies back into the limelight at the global stage and market. Volatility can be high, “he added.
Global update
- Ukrainian officials are directly seeking cryptocurrency donations and are being added to crowdfunding efforts that have raised over $ 5 million in Bitcoin, Ethereum and other tokens. Decentralized Autonomous Organization (DAO) was established to raise funds for Ukrainian soldiers facing Russian troops.
- On the night of Sotheby’s, a lot of NFTs (104 digital art assets known as CryptoPunks) was expected to sell as much as $ 30 million. However, 25 minutes after the scheduled start time of the auction, the sale was turned off.
- BitConnect founder Satish Kumbhani was indicted by a US grand jury on suspicion of organizing a global Ponzi scheme that raised $ 2.4 billion from investors in a fraudulent cryptocurrency investment platform.
Technology view from Proassetz Exchange
There is no significant change in BTC prices within 24 hours. BTC is moving beyond range and has maintained good support of over $ 37,000 so far. But for bullish moves, BTC needs to break and close resistance above $ 40,500.
(The views and recommendations in this section are those of the analyst themselves and do not represent those of ETMarkets.com. Please consult your financial adviser before taking a position on the assets mentioned. )
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