Bitcoin price was up and the cryptocurrency market made gains even as investors remained cautious over the ongoing Russia-Ukraine war, according to a coindesk report.
Investors are also awaiting a crypto executive order by US President Joe Biden. The order will outline America’s approach towards regulating Crypto, the Coindesk report stated.
The world’s largest cryptocurrency, Bitcoin, was up by over 8 per cent at $41,545.92. The second largest cryptocurrency, Ethereum, was up by 7.46 per cent at $2,720.91.
XRP was up by over 3 per cent, Terra was up by over 18 per cent, Solana rose over 5 per cent and Avalanche was up by over 8 per cent.
Other popular alt coins like Dogecoin was up by over 2.91 per cent, Polygon was up by 5.60 per cent, Shiba Inu rose by 3.94 per cent, and Chainlink was by 7 per cent.
“Bitcoin and Ethereum rose by nearly 7 per cent, each trading above US$41,000 and US$2,700 in the last 24 hours. BTC’s support holds at US$37,000, and resistance stays between US$43,000 to US$45,000, which will signal a trend reversal. According to the market cap, most cryptos are running in green, gaining decent gains,” Edul Patel, CEO and Co-founder, Mudrex.
“Many investors are awaiting a crypto executive order by U.S President Joe Biden. But investors are still nervous about investing in volatile assets because of the ongoing tension between Russia and Ukraine,” Edul Patel said.
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