Cryptocurrency: Strong boom in crypto market, investors earn huge amid Russia-Ukraine war

On the one hand, the war between Russia and Ukraine is increasing and it is affecting the currency of different countries from the stock market. On the other hand, the unregulated and risky crypto market is different. Tuesday is looking auspicious for cryptocurrency investors. The world's top 10 digital currencies are trading on the green mark. While the price of the most popular of these, bitcoin, jumped up to 14 percent, most cryptocurrencies, including Ethereum, Binance Coin, and Terra, have seen huge jumps.

bitcoin investors

After the start of the war between Russia-Ukraine, lines of concern were raised on the foreheads of not only the stock market investors but also those who invested money in the cryptocurrency market. But, on Tuesday, the crypto market looked buzzing. The price of bitcoin, the world's most popular cryptocurrency, rose by up to 14 percent. By the time of writing the news, the price of bitcoin had risen by more than 12 percent or Rs 3,73,370 to Rs 34,35,674. At this price, the market capitalization of bitcoin also increased to Rs 61.8 trillion.

Ethereum also earned

Ethereum, the world's second most popular cryptocurrency after bitcoin, also saw a strong rally. On Tuesday, the price of Ethereum rose by 10 percent or about Rs 20 thousand to reach Rs 2,28,008. The market capitalization of Ethereum has also increased to Rs 26.3 trillion at this price. If we talk about other cryptocurrencies included in the top 10, then the price of Binance Coin increased by 11 percent and it increased to Rs 32,145. Apart from this, a tremendous jump of 19 percent was registered in Tera and it came down to Rs 6,930.

The rise in these digital currencies too

If we look at the other digital currencies included in the top-10, except Tether Coin, most of the other currencies were in gains on Tuesday. Tether has decreased by 2.28 percent and its price has come down to Rs 78.2. After this fall, the market capitalization of Tether has also come down to 6 trillion rupees. Barring this, Cardano gained more than 8 percent and its price fell to Rs 75.63. Polkadot rose 8 per cent to Rs 1,465. Dogecoin registered a gain of 5 percent and its price went up to Rs 10.38. Shiba Inu Coin saw an increase of 7.66 percent and its price came to Rs.0.002024. At the same time, the price of Litecoin increased by 6.54 percent to Rs 8808.

The fall came on the first day of the attack

The first day of Russia's attack on Ukraine was visible on the crypto market along with the markets around the world. The cryptocurrency market also collapsed on Thursday after Russian President Vladimir Putin's announcement. Bitcoin and Shiba Inu were down 10 percent, DodgeCoin lost more than 12 percent. Apart from this, the prices of Solana, XRP, Terra, Avalanche, Stellar, Cardano, Polygon, Polkadot also fell by 8-15 percent on that day.