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Cryptocurrency Prices: Bitcoin, Ethereum, Solana, Shiba Inu Tumble As Russia-Ukraine War Intensifies

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Cryptocurrency Prices Today March 4: Bitcoin, Ethereum, Solana, Shiba Inu tumble as Russia-Ukraine war intensifies

Cryptocurrency prices are dropping around the world today, including Bitcoin, Dogecoin, Shiba Inu, and Cardano. These currencies are down by more than 5%.

The price of Bitcoin has again gone below $41,500 which is about 30% below the all-time high.

Also Read: Cryptocurrency index IC15 with 15 top cryptos to trade on Bitbns from April 1

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Bitcoin Price

The price of Bitcoin dipped below the $42,000 level for the first time in two days after rising over last week. The cryptocurrency was trading down 5% at $41,500. This is more than 30% below its record high of $69,000 in November last year. The digital currency is down about 10% so far in 2022.

Meanwhile, the global cryptocurrency market cap decreased by 5% in the past 24 hours, reaching a total value of $1.91 trillion.

Ethereum and Other cryptocurrencies prices

Ethereum, the world’s second-largest cryptocurrency by market cap, fell more than 7% to $2,727. On the other hand, the price of Dogecoin also fell by $5% to $0.12. Shiba Inu also fell more than 5% to $0.0000025.

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Several other digital tokens also saw a decrease in price, including Terra, Solana, Polygon, Avalanche, Stellar, XRP, Litecoin, Cardano, Polkadot, and Uniswap by 2-80% in the last 24 hours.

Also Read: Cryptowire IC15: India’s first Crypto Index to trade on Bitbns soon

Crypto exchange Binance won’t accept cards of sanctioned Russian banks

Cryptocurrency exchange Binance, on Thursday (March 3), said cardholders of sanctioned Russian banks would not be able to use them on their platform and confirmed that sanctioned individuals have had their access restricted.

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Some of the world’s biggest cryptocurrency exchanges are staying put in Russia, breaking ranks with mainstream finance in a decision that experts say weakens Western attempts to isolate Moscow following the invasion of Ukraine.

Lokendra Deswar: A visionary Editor-in-Chief at Unique News Online, Lokendra wields 6+ years of seasoned experience. His academic prowess and keen insights shape his coverage of Politics, Viral stories, Sports, and Technology, offering a well-rounded perspective that captivates and informs.

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