The world’s largest cryptocurrency as the war between Ukraine and Russia continues Bitcoin (BTC), surpassed the Russian Ruble in market value.
Bitcoin’s Market Cap Continues to Rise in Most Valuable Currencies List
According to Coin Market Cap, which compares the market value of Bitcoin with the world’s fiat currencies, the BTC price moved up two places on the list with its recent rise, surpassing the Russian Ruble and Thai Baht.
At the time of this writing, the market value of Bitcoin is 18,970,756 BTC ($781 billion), while the market value of the Russian Ruble is around 15,297,415 BTC ($ 627 billion).
According to the latest data, BTC ranks 14th in the list of the world’s largest currencies, just behind the Swiss Franc.
The Russian Ruble collapsed after many western countries, including the USA, imposed a large number of sanctions on Russia. Russian President Vladimir Putin continues his invasion of Ukraine.
BTC, which suffered great losses in the first days of Russia’s attack on Ukraine, is trading at $ 41,700 at the time of writing, with an 11% rise in the last 24 hours.
However, BTC showed that it also had use during the war. Ukrainian authorities, cryptocurrency He asked the world to donate to them. Among the cryptocurrencies that can be donated, BTC, Ethereum and USDT took place. It is stated that the amount of crypto money donations made to the country exceeds $ 20 million.
In addition, Binance CEO CZ also announced that they would send humanitarian aid to Ukraine.