With an increase of 8%, Bitcoin surpassed, this Wednesday (9), the value of US$ 42 thousand, according to CoinMarketCap. In the same vein, the decentralized platform, Ethereum, reached US$ 2,800, all thanks to a 7.7% increase in the last 24 hours. These are indicators that demonstrate the strength of the cryptocurrency market, even in the face of a scenario of uncertainty due to the war between Russia and Ukraine.
Strength in the last days
Both Ethereum and Bitcoin have seen gains of 12.85% and 13.49%, respectively, in recent days, bringing optimism among investors.
In total, the cryptocurrency market has jumped, in the last 24 hours alone, from US$1.7 trillion to US$1.91 trillion, with Bitcoin accounting for 41.3%, while Ethereum accounts for 17%.
Promising scenario for cryptocurrencies
Cryptocurrency Avalanche is also trading up 8%, selling at just over US$78, mainly on the back of the launch of a US$290 million incentive program. This is the Multiverse, with strong support in the development of game projects, NFTs and DeFi.
Cardano and Solana showed increases of 4% and 6%, but the biggest beneficiary this Wednesday (9) was Terra and the native token LUNA. The network that hosts DeFi’s second-largest ecosystem is up nearly 20% to trade at US$97.
Reflection of the US government statement
One of the factors that contributed to the good scenario was the release of a statement by the US Treasury Secretary, Janet L. Yelle, who spoke about the government’s plans to act in this segment.
The Joe Biden government’s idea envisions a well-structured approach to cryptocurrencies, supporting innovation that brings outstanding results to the nation, consumers and business, the statement reads.
Yellen also highlighted the importance of addressing the risks related to the illicit use of cryptocurrencies and consumer protection, both of which are important topics for management when it comes to operating in the industry.
