Cryptocurrency prices today.. Bitcoin above 48 thousand dollars
The cryptocurrency Bitcoin continued to rise today, Monday, March 29, 2022, with continued support from the consequences of the Russian war on Ukraine, to reach its highest level since January 2.
The price of Bitcoin (BTC), the world's largest cryptocurrency, jumped 6.91% to $48,041 thousand, bringing the market value of the world's most popular cryptocurrency to $907.45 billion.
Bitcoin is still far from its highest peak recorded on November 10, 2021, when it recorded $68,992.
And it supported talk that the Kremlin might accept Bitcoin in exchange for Russian gas in light of the Western sanctions imposed on the Russian bear, which paralyzed its banking system, which prompted the rise in the value of the world’s most famous cryptocurrency, and then the rest of the currencies followed.
Russia is considering accepting bitcoin as a way to pay for its oil and gas exports, according to a senior deputy in the Russian parliament (Duma).
With the continuation of the war on Ukraine and the suffering of the Russian economy as a result of the sanctions imposed on it and the devaluation of its currency to new low levels, Moscow is seeking to circumvent those economic sanctions imposed by Western countries after their war against Ukraine as a kind of deterrence for the Russian bear.
Russian President Vladimir Putin said earlier this week that he wanted "unfriendly" countries to buy Russian gas in rubles.
The sanctions imposed by the United Kingdom, the United States and the European Union on Russia in the wake of its invasion of Ukraine have put pressure on the Russian ruble and raised the cost of living in the country.
During his appearance last Tuesday on Bloomberg TV, the CEO of Galaxy Digital, Mike Novogratz, predicted that Bitcoin (the world's largest cryptocurrency), will reach the level of $ 500,000 within 5 years.
