Spring is here and it can be seen this morning in the cryptocurrency market as well, as everything is floating in the green. Bitcoin prices are above $ 43,000 and Ether prices are up to $ 3,000.
A rise in exchange rates this morning has turned the entire cryptocurrency market green. According to Cointelegraph Markets Pro and TradingView, cryptocurrencies on Bitstamp reached $44,250 before dropping slightly. According to CoinMarketCap at the time of writing, Bitcoin is up more than 13% in the last 24 hours to $43,432. Bitcoin's price was below $38,000 yesterday and has fallen as much as $34,459 in the last week.
Meanwhile, Ether crossed $2,925 for the first time in 10 days. The second largest cryptocurrency to return more than $3,000 was last seen on Feb. 17. Ether's price has risen 11% in the last 24 hours.
Market capitalization exceeds $1.9 trillion.
Bitcoin and the broader cryptocurrency market suddenly plummeted after Russia occupied Ukraine last week, heightening geopolitical tensions. However, the market found itself as Western countries united against Russia and imposed sanctions.
In addition, the turmoil could favor decentralized currencies that governments cannot control as access to traditional banking and financial services is hampered by the sanctions and reports on Russian and Ukrainian citizens.
In an extremely uncertain macro environment, it's hard to predict how many days the exchange rate for bitcoin and cottage coins will turn out to be.
By the way, the biggest winner in the cryptocurrency market right now is terra, which has generated an impressive 20% gain in the last 24 hours and is currently trading close to $90. solana is also up above average, up 16% from the previous day and currently at $96.