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Today’s cryptocurrency prices: Bitcoin and Ethereum fall as the Russia-Ukraine conflict escalates

Cryptocurrency prices today

Over the previous 24 hours, the global cryptocurrency market capitalization plummeted 5.21 percent to $1.83 trillion, while trading volumes fell 10.69 percent to $85.22 billion.

Total activity in the decentralized finance (DeFi) area was $14.55 billion in the past 24 hours, accounting for about 17.08 percent of the 24-hour cryptocurrency trading volume.

 The overall volume in stablecoins was $71.87 billion, accounting for about 84.33 percent of the 24-hour cryptocurrency trading activity.

Global cryptocurrency markets fell once more as Russia escalated its campaign on Ukraine, seizing the southern Ukrainian city of Kherson and stepping up its push against Kyiv and Kharkiv.

On March 4, Bitcoin’s market domination declined 0.11 percent to 43.06 percent, and the currency was trading at $41,430.77.

Cardano sank 5.3 percent to Rs 69.84, while Avalanche dropped 6.6 percent to Rs 6,113.1. Polkadot declined 5.4 percent to Rs 1,373.99 in the previous 24 hours, while Litecoin fell 2.25 percent to Rs 8,489.89. Tether was trading at Rs 78.92, up 0.39 percent.

Memecoin SHIB plummeted 5.21 percent, while Dogecoin lost 4.65 percent to Rs 9.93. Terra (LUNA) has down 1.98 percent to Rs 7,133.99.

In other developments, according to Elliptic, a blockchain analytics company, the Ukrainian crypto crowdfunding initiatives have already raised $50.9 million. “Since the commencement of the Russian invasion, the Ukrainian government—and an NGO providing military support—have received $50.9 million through more than 89,000 crypto asset donations,” Elliptic noted in a blog post.

Cryptocurrency in Ukraine

The Ukrainian government’s official Twitter account declared on February 26 that it was “now taking cryptocurrency donations.”

When the Ukrainian government originally stated that it would take cryptocurrency donations, it provided a Bitcoin and Ethereum wallet address for those who were interested. According to blockchain data, the two addresses have already received $10 million and $16 million in Bitcoin and Ethereum, respectively.

Separately, Ukraine DAO, a decentralised autonomous organization, raised 2,258 ETH (about $6.75 million) in an auction that began on February 26 and finished on March 2. Following a market downturn, the sum is now worth around $6.4 million.

Hillary Clinton pushing for Crypto ban in Russia

Former presidential candidate Hillary Clinton has expressed “disappointment” with several cryptocurrency exchanges that have not barred Russian customers from their services.

“I was unhappy to learn that some of the so-called crypto exchanges, not all of them, but some of them, are refusing to halt transactions with Russia,” Clinton said on MSNBC’s The Rachel Maddow Show.

“Everyone should do everything they can right now to isolate Russian economic activities,” she continued. Notably, other cryptocurrency exchanges, including Coinbase, Binance, and Kraken, have declined to block all Russian users, citing a lack of legal reasons.

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