Crypto On March 1: Market Surges Amid Russia-Ukraine Crisis, Experts Warn Investors To Remain Cautious

The cryptocurrency market gained momentum as top coins, including Bitcoin and Ethereum, surged amid the Russia-Ukraine crisis. The global market cap was up 11.35 percent at $1.90 trillion as of 1.24 a.m. ET.

Bitcoin was up 14.41 percent at $43,207. Ethereum, too, rose 11.70 percent to $2904, CoinMarketCap data showed. Barring slight downward movement in Tether and USD Coin, all top coins traded higher. Terra LUNA rose over 22 percent.

Meme cryptos Shiba Inu and Dogecoin were also in the uptick.

However, industry insiders warn that investors should make prudent decisions until it is more apparent that the market has achieved some stability.

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