<p>As Russia intensifies its battle to take control of Ukraine, Bitcoin on Wednesday soared to $44,000, pushing the total cryptocurrency market cap to cross $2 trillion.</p>.<p>With the recent gains, Bitcoin now has a higher market cap than the rapidly-declining Russian currency ruble.</p>.<p>Bitcoin has a market cap of approximately $835 billion while the ruble has a market cap of around $626 billion.</p>.<p>The crypto market was last at $2 trillion in August 2021.</p>.<p><a href="https://www.deccanherald.com/international/world-news-politics/russia-ukraine-crisis-war-live-news-updates-vladimir-putin-joe-biden-volodymyr-zelenskyy-us-donbass-kyiv-kharkiv-1086839.html" target="_blank"><strong>Follow live Ukraine-Russia crisis updates here</strong></a></p>.<p>In the last week since the Russia-Ukraine war started, Bitcoin has jumped nearly 14 per cent and ethereum 12 per cent, according to CoinGecko data.</p>.<p>Terra's LUNA token had a stratospheric rise, climbing nearly 70 per cent during the last week, and is now trading at approximately $94. Solana's SOL and other layer 1 tokens like Avalanche's AVAX and Polkadot's DOT also responded well, reports CoinDesk.</p>.<p>Similar to volatility, Bitcoin's trading volume across major exchanges reached the highest level since the December 5 price crash, according to CoinDesk data.</p>.<p>Earlier, the global crypto market lost nearly 10 per cent of its value as Russia invaded Ukraine on Thursday. Over $200 billion worth of its global market value was wiped out.</p>.<p>The most-hit cryptocurrencies were Ethereum, Cardano, Avalanche, and Polkadot, along with Dogecoin and Shiba Inu.</p>.<p>Some traders, however, expected the price bounce to be short-lived amid geopolitical uncertainty.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>As Russia intensifies its battle to take control of Ukraine, Bitcoin on Wednesday soared to $44,000, pushing the total cryptocurrency market cap to cross $2 trillion.</p>.<p>With the recent gains, Bitcoin now has a higher market cap than the rapidly-declining Russian currency ruble.</p>.<p>Bitcoin has a market cap of approximately $835 billion while the ruble has a market cap of around $626 billion.</p>.<p>The crypto market was last at $2 trillion in August 2021.</p>.<p><a href="https://www.deccanherald.com/international/world-news-politics/russia-ukraine-crisis-war-live-news-updates-vladimir-putin-joe-biden-volodymyr-zelenskyy-us-donbass-kyiv-kharkiv-1086839.html" target="_blank"><strong>Follow live Ukraine-Russia crisis updates here</strong></a></p>.<p>In the last week since the Russia-Ukraine war started, Bitcoin has jumped nearly 14 per cent and ethereum 12 per cent, according to CoinGecko data.</p>.<p>Terra's LUNA token had a stratospheric rise, climbing nearly 70 per cent during the last week, and is now trading at approximately $94. Solana's SOL and other layer 1 tokens like Avalanche's AVAX and Polkadot's DOT also responded well, reports CoinDesk.</p>.<p>Similar to volatility, Bitcoin's trading volume across major exchanges reached the highest level since the December 5 price crash, according to CoinDesk data.</p>.<p>Earlier, the global crypto market lost nearly 10 per cent of its value as Russia invaded Ukraine on Thursday. Over $200 billion worth of its global market value was wiped out.</p>.<p>The most-hit cryptocurrencies were Ethereum, Cardano, Avalanche, and Polkadot, along with Dogecoin and Shiba Inu.</p>.<p>Some traders, however, expected the price bounce to be short-lived amid geopolitical uncertainty.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>