Bitcoin and other crypto prices recover as Russia gets hit with sanctions

Feb 25, 2022 By: BI India Bureau

Bitcoin, Ethereum and other leading cryptocurrencies are back in the green

After seeing over $200 billion wiped from the market yesterday Credit: Canva

The fall in crypto prices came as Russia attacked Ukraine

Today, both the US and UK are imposing sanctions on the country Credit: Canva

The funds of the Russia’s biggest banks will be frozen

And, imports are going to get slashed in half Credit: Canva

As things stand, Bitcoin is currently trading at ₹29 lakh

It has jumped by 11.6 percent in the last 24 hours Credit: Canva

Ethereum’s price is at ₹1.97 lakh

An increase of over 10 percent since yesterday Credit: Canva

Binance Coin is priced at ₹27,465

It’s value is up by 7.9 percent over the course of the day Credit: Canva

Cardano has managed to climb back up as well

It’s trading at ₹64.19, up by 5.9 percent as compared to yesterday Credit: Canva

Solana is seeing a bigger recovery of nearly 17 percent in 24 hours

The SOL token is currently exchanging at ₹6,722 Credit: Canva

Terra was one of the lesser hit cryptocurrencies when the Ukraine-Russia crisis broke out

And, now it’s one of the biggest gainers are the market recovers Credit: Canva

The LUNA token is now trading at ₹5,024

It’s value has jumped by a massive 21 percent over the course of the day Credit: Canva

Avalanche is no slouch either at ₹5,684

The cryptocurrency has climbed by 12 percent since yesterday Credit: Canva

Dogecoin is in the green, but hasn’t made up for the hit it took during yesterday’s market crash

The meme coin continues to trade under ₹10 Credit: Canva

Dogecoin is trading at ₹9.7

It’s value has recovered by by 6.6 percent in 24 hours Credit: Canva

Polkadot is trading at ₹1,215

Its value has increased by over 8 percent since yesterday Credit: Canva

Disclaimer

These are the top cryptocurrencies by volume according to Coinbase | Prices updated as of February 25, 9:30 am IST and may change over the course of the day Credit: Canva