Bitcoin surges 4.7% in 24 hours on Russia-Ukraine crisis

As the geopolitical tensions between Russia and Ukraine tend to ease, cryptocurrency gains have also surged with the opening of U.S. stocks. According to CoinGecko data, Bitcoin has surged 4.7% to $44,500 in the past 24 hours, and Ethereum has even more There was an 8.3% increase and the quotation was $3,181.

Others include Ripple’s rise of 6.1% in the past 24 hours, Edda’s rise of 5.4%, and Dogecoin’s rise of 3.8%. Although U.S. stocks have been weak recently, cryptocurrencies have been flat over the past week. Bitcoin has only edged down 1.6% in the past seven days, holding steady at $42,000, while ethereum has fallen only 1%.

Bitcoin and U.S. tech stocks have both experienced huge volatility since the beginning of the year.

The data shows that Bitcoin's performance is significantly better than that of the six major technology stocks in the US stock market based on the performance of the past 30 days. Data from the Finbold ROI tool shows that as of February 13, 2022, Bitcoin’s average return on investment (ROI) was 12.24%, surpassing six major tech stocks such as Meta, Tesla, Amazon, etc.