BTC is currently trading around $44,600 and ETH around $3,000. Notable gainers in the last 24 hours are WAVES, RUNE, and NEAR. The global crypto market cap is $2.05T, up 14.1% over the last day. DeFi Total Value Locked is ~$210b and BTC dominance is around 44%.
Bitcoin is up 20% over the last 24 hours despite the escalating war in Ukraine. Peace talks ended yesterday with both Ukrainian and Russian officials returning to their capitals for deliberation. Meanwhile, Russia attacked Kharkiv, Ukraine’s second largest city, and a 40 mile long convoy is nearing Kyiv. With global equity markets mixed, some are attributing the move in crypto to heavy Russian and Ukrainian demand and more generally, war making the case for decentralized currencies that cannot be controlled by a government.
In other news: Russia’s central bank governor said its global payments will continue to function despite the SWIFT ban due to its internally-developed payments system SPFS; The University of Cambridge has created the Cambridge Digital Assets Program with 16 participating entities to enable evidence-based dialogue in digital assets; Binance, Coinbase, and Kraken have declined the Ukrainian Minister’s request to freeze Russian accounts; and, LUNA has gained 82% in seven days, overtaking Cardano and Solana by market cap.2022.03.01
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