Updated May 11, 2023, 6:30 p.m. Published Mar 1, 2022, 9:38 a.m.
(Lucy Shires/Getty)
Major cryptos retained their Monday gains while the security crisis in Ukraine resulting from Russia's invasion continues to deteriorate.
BTC$106 951,77 was hovering over $43,000 early on Tuesday, compared to $38,000 24 hours earlier. Ether ETH$3 904,64 was selling over the $2,900 mark, compared with $2,600 Monday. Bitcoin has been outperforming gold in this crisis.
Peace talks between Russia and Ukraine held in Minsk last night haven't led to any publicly known conclusions, other than to meet again. The U.S. closed down its embassy in Minsk yesterday and green-lighted the partial evacuation of staff from its Moscow mission. Earlier, Belarussian politicians voted to end the country's non-nuclear status, likely to allow Russia to place nuclear weapons on its soil.
Intense fighting continued overnight in Ukrainian cities, including the capital of Kyiv. A Russian military convoy 65 kilometers in length was seen driving toward the capital early on Tuesday.
The Indian embassy in Kyiv advised all Indian nationals to leave the city "urgently today." Indian Prime Minister Narendra Modi will ask the Air Force to support the evacuation, NDTV reported, citing sources familiar with the matter.
Western countries have stepped up their support of Ukraine's defense; the U.S. allocated $350 million for Ukraine's defense spending, while the U.K., France, Germany, Canada, Sweden, Belgium, the Netherlands, Portugal, Greece, the Czech Republic, Romania and Spain have agreed to send ammunitions or defensive equipment.
Mastercard has blocked "multiple" financial institutions from its payments network due to sanctions orders, the company said in a Tuesday statement posted on its site.
Sanctions levied on Russian entities in response to Russia's invasion of Ukraine include President Vladimir Putin, the central bank's international reserves and a swath of banks, energy exporters and airlines.
Binance founder and CEO Changpeng "CZ" Zhao tweeted that "it often takes a week for 'the market' to understand," likely implying the market rally could be reversed.
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CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
Ce qu'il:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.