Bitcoin surges, approaching the $45,000 mark

At 7:30 am this morning (March 27), bitcoin (BTC) hit $44,580/BTC, up 0.31% in 24 hours, bringing the total market capitalization to nearly $850 billion. In addition to bitcoin, many other digital currencies also increased strongly such as ethereum up 0.95% to $3,141, solana up 3.01% to $102, terra up 0.54% to $91.38, XRP up 0.76% reached $0.83 in 24 hours.

According to CNBCthe reason why bitcoin price increases thanks to events Russia is considering accepting bitcoin as payment for oil and gas exports. At a recent press conference, Pavel Zavalny – Chairman of the Russian State Duma Committee in charge of energy – said that with friendly countries like China or Turkey, Russia is ready to be more flexible in its options. choose payment.

Specifically, Mr. Zavalny revealed that Russia is considering accepting buyers for payment in their fiat currency or in bitcoin. “We have been proposing to China for a long time to switch to national currencies like the ruble and yuan, Turkey to the lira and the ruble. You can also transactions in bitcoin,” said Mr. Zavalny.

Previously, the Ukrainian government received aid in digital currency when it posted the addresses of 2 wallets (1 wallet for bitcoin, 1 wallet for ethereum, tether). According to analyst firm Elliptic, cryptocurrencies are becoming a tool to help the Ukrainian government raise donations amid the escalating armed conflict with Russia after Russian troops entered the east of the country.

“Digital assets like bitcoin are emerging as an important alternative to crowdfunding,” said Tom Robinson, an analyst at Elliptic. “This method allows for quick donations, cross-border, bypassing financial institutions even if they have the power to block transactions with these institutions.”

Yesterday (March 26), Ukraine began auctioning the NFT collection called Museum of War and collected $ 65 million, sources from Reuters. According to the introduction, the Museum of War includes 54 NFTs documenting the war between Russia and Ukraine through digital images. With the proceeds, the Ukrainian government will use to fund defense activities.

Not out of the race, recently, US President Joe Biden signed an executive order, directing the Justice Department, Finance and a number of legal research units to create a cryptocurrency of the US Central Bank on March 9.

Source from Reuters said that the cryptocurrency ordinance sets a 180-day deadline for relevant authorities to report on the “future of money” and the role of cryptocurrencies.

Before the optimistic signals, the site measures investor sentiment in cryptocurrencies Alternative.me said, the Fear and Greed index (fear and greed) reached 49 points at “neutral”. While a month earlier, this measurement site determined investor sentiment in the world was at “fear” with 27 points.