The Russian-Ukrainian war and its repercussions on the cryptocurrency market

The Russian-Ukrainian war and its repercussions on the cryptocurrency market

The gains of digital currencies expanded during Thursday's trading, despite the escalation of the crisis and the acceleration of events in the war between Russia and Ukraine, whose repercussions were reflected on the prices of all assets.

In contrast, from the oil declines, most of the high-risk assets rose today, Thursday, from US stocks on Wall Street, through digital currencies, to safe havens, especially gold and the dollar.

The rise of digital currencies coincided with the spread of confidence among dealers that the crypto market is about to abandon the negative rumors that have pressured prices to decline during the past weeks.

The Crypto Fear & Greed Index, which measures the sentiments of dealers in the crypto market, jumped strongly during Thursday's trading, reaching the 40-point levels.

On March 18, the fear and greed index fell to the area of ​​intense fear near the levels of 18 points, while it has now jumped in less than a week by more than 12 points to reach the current levels.

The market value of digital currencies jumped to its highest level since the beginning of this March, approaching the levels of 2 trillion dollars.

The capitalization of the crypto market rose during trading today, Thursday, to exceed 1.97 trillion dollars, an increase of about 100 billion dollars, compared to trading on Wednesday.

The largest digital currency, Bitcoin, rose within 2% to exceed the levels of 43,000 dollars, while it expanded its gains within a week within the range of 5%, and its market value jumped to 817 billion dollars.

Ethereum (ETH/USD), the largest altcoin, increased by 2%, to exceed the levels of 3,000 dollars, to reach the levels of 3,050 dollars, while it expanded its gains within a week by more than 8%.

Bitcoin has risen within the range of 17% during the thirty days of trading, while it is declining in the range of 10% since the beginning of the year, while the Ethereum has risen by 21% during the thirty days and is declining 20% ​​since the beginning of the year.

At the same time, most altcoins rose, as Ripple XRP and Binance Coin BNB/USD increased less than 1%, reaching levels of $0.83 and $407, respectively.

While Cardano jumped in the range of 10%, up to levels of $1.17, and in contrast, Terra Luna (LUNAt/USD) fell 4% down to levels of $92. 

Solana rose around 7% to levels above $100, while Avalanche fell by less than 1% at levels of $85.

After a long period of stagnation, the DOGE/USD rose 10% to the levels of $0.134, and the SHIB/USD rose 3% to the levels of $0.0000244.

The Loop Ring and Apk Coin currencies are still gaining more gains during Thursday's trading, to outperform all major digital currencies.

The Loop Ring coin topped the rise of the 100 largest digital currencies by market value during Thursday's trading, with an increase of 30%, to jump to levels of $1.13.

The LRC/USD Loop Ring coin increased by more than 55% during the week's trading, while its market value jumped to about $1.5 billion and ranked 66th among digital currencies.

Appcoin came in second place, with increases of about 20%, while it expanded its gains since the start of trading within a week by about 1320%.

The APE/USD coin is trading at levels of $14.2, while its market value is about $4 billion, jumping to the 37th place among digital currencies in terms of market capitalization.