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Bitcoin now has higher market cap than Russian currency
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Bitcoin now has higher market cap than Russian currency

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by Virtuse
6. March 2022
Bitcoin now has higher market cap than Russian currency

New Delhi: As Russia intensifies its battle to take control of Ukraine, Bitcoin on Wednesday soared to $44,000, pushing the total cryptocurrency market cap to cross $2 trillion.

With the recent gains, Bitcoin now has a higher market cap than the rapidly-declining Russian currency ruble.

Bitcoin has a market cap of approximately $835 billion while the ruble has a market cap of around $626 billion.

In the last week since the Russia-Ukraine war started, Bitcoin has jumped nearly 14 per cent and ethereum 12 per cent, according to CoinGecko data.
Terra’s LUNA token had a stratospheric rise, climbing nearly 70 per cent during the last week, and is now trading at approximately $94.

 


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