The crypto markets again showed hope as each recorded a relatively positive movement.
As of this writing, Bitcoin (BTC) is trading at $ 38,600.83 with a jump of over 10% in 24 hours.
As usual, the performance of the crypto king also brought the altcoins market to a level of relief:
Ethereum (ETH): $ 2,625.15 (+11.74%)
XRP $ 0.700 (+10.52%)
Solana (SOL): $ 89.20 (+9.59%)
Cardano (ADA): $ 0.851 (10.35%)
Dogecoin (DOGE): $ 0.123 (+9%)
As reported yesterday, Bitcoin has slipped over $ 400 from the $ 38,773 level to the $ 34,554 level as soon as Russian president Vladimir Putin announced an attack on Ukraine.
But today, the crypto market is saved by the president of the United States (US), Joe Biden.
Around late this morning, Biden had shown his firmness over Russia, considering the country’s actions deserving of retaliation.
The US along with allies in the west have also promised to implement sanctions on Russia’s four largest banks.
Clearly Biden, they will limit Russia’s economic growth through business restrictions involving the dollar, euro, pound, and yen.
Not only that, the US president also assured more troops to Germany to support NATO throughout the eastern region.
Even so, Biden will not take part in the war between the two countries by sending more direct military support.
