In Russia, mining is still not legalized, but the miners themselves received increased income this week, as the crypto market grew almost the entire week. So, Bitcoin added 8% and is now trading at $45,000 per 1 BTC.
The second cryptocurrency in the world, Ethereum, added even a little more – 10%: the cost of 1 ETH is about 3170 dollars. But Cardano has a much bigger plus: in a week, its price soared by 27%. All this led to the fact that the market capitalization once again exceeded the $2 trillion mark.
The crypto market is growing along with the US stock market – there is a direct relationship between them. It is also possible that many investors began to consider Bitcoin and other cryptocurrencies as a protective asset against high inflation: due to the conflict in Ukraine and sanctions, prices in stores in many countries of the world began to skyrocket.
Source: ixbt
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