Cryptocurrency Price Today: Bitcoin Rises 3%; Stellar, XRP, Uniswap gain up to 6.65%

The world’s largest cryptocurrency, Bitcoin, rose more than 3% today as Asian stocks rebounded amid the ongoing dispute between Russia and Ukraine. Bitcoin price gained 3.69% to $38,015 on Coinmarketcap. The market capitalization of the cryptocurrency has increased to $721.940 billion. Currently, the global crypto market cap stands at $1.72 trillion, up 4.58%.

Other cryptocurrencies were also trading in the green today.

Ethereum climbed 5.29% to $2,651 and Dogecoin gained 4.78% to $0.1315.

The Stellar digital token rose 6.65% to $0.186 and Litecoin added 5.32% to $107.65.

XRP gained 5.34% to $0.7158 and Uniswap climbed 6.58% to $8.89. The rise in cryptocurrencies is in line with the rebound in global markets.

Asian stocks rebounded on Wednesday with indices in Shanghai, Hong Kong, South Korea and Australia trading in the green.

Oil prices rose slightly on fears of a possible disruption in Russian supplies. Japanese markets were closed for a holiday.

On Wednesday, the Shanghai Composite Index rose 0.4% to 3,469.57 and the Hang Seng in Hong Kong gained 0.6% to 23,657.49. Seoul’s Kospi advanced 0.2% to 2,712.69 and Sydney’s S&P-ASX 200 added 0.4% to 7,186.30.

Former Twitter CEO Jack Dorsey said last year that the Bitcoin cryptocurrency would replace the US dollar. Dorsey has been a huge supporter of Bitcoin. He is also co-founder and CEO of financial services company Block, formerly known as Square Inc.

The digital currency made its big debut on Wall Street in December 2017, when major futures exchanges launched Bitcoin futures. The attention drove Bitcoin to around $19,300, a then-unheard-of price for the currency.

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