The geopolitical tensions around Russia and Ukraine have brought some great turmoils to the global markets, as asset prices are pretty much unpredictable, so to speak. And while most currencies have entered a downward spiral, people have turned to crypto to protect their wealth from inflation.
As of March 28, the official Coinmarketcap data show a $400 billion increase in overall market value. The price thus amounted to $2.13 trillion, which is 23.29% more than the previous month when it stood at $1.73 trillion.
Expectedly, Bitcoin keeps playing the role of the main market driving force, rocketing to $47,210 in the past few days, while it was struggling to breach the $40,000 mark just last week. Overall, it marked a 19.88% increase within the last 30 days, pushing its overall market value to $898.56 billion.
Traditionally, the position of the second biggest market pusher belongs to Ethereum, which grew from $2,772 to $3,345 in the span of the past 30 days, which makes 20.67% of its original market value. The total market capitalization now stands at $402.61 billion.
It seems that after the turbulent start of the year, crypto has finally found its previously lost footing. However, despite this being good news overall, the experts and previous experience warn us not to celebrate just yet. As the events of these past few months have shown us, nothing is predictable anymore.
