Data Shows Ruble-Denominated BTC Volume Rising, BTC-RUB Prices Jump as High a...
Amid the conflict in Ukraine with Russia, bitcoin trade volumes tied to Russian ruble pairs have surged in recent days. Metrics recorded by the crypto analytics provider Kaiko indicate that ruble (RUB)-denominated bitcoin volume reached close to 1.5 billion rubles four days ago, on February 24. Data also shows that bitcoin-ruble pairs saw a significant premium on February 28, jumping 16% higher than the global average. Russian Demand for Bitcoin Surges Causing BTC-RUB Premiums Statistics show that there’s been a lot of demand for bitcoin (BTC) stemming from Russia during the last 96....
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According to reports and data stemming from ruble-denominated crypto trading pairs, Russian citizens are flocking toward cryptocurrencies amid the conflict in Ukraine. Analytical data indicates that the ruble is the sixth most traded pair with tether and tether’s fourth most traded fiat-denominated pair globally excluding two crypto assets.
Report Highlights Russian Rubles Pouring Into Tether, Data Shows Binance RUB-Denominated Crypto Trading Pairs Spike
24 hours ago, Bitcoin.com News reported on ruble (RUB)-denominated crypto volumes increasing and further investigation....
The price of bitcoin is up more than 7% today, climbing to just under $900. Markets saw an average high of $896, according to the CoinDesk USD Bitcoin Price Index (BPI) after opening the day at $830. At press time, prices were currently averaging $882.10, an increase of just over 6%, BPI data shows. Notably, CNY-denominated markets have climbed more than 10% today, hitting a high of ¥6,193.35. Prices are currently averaging ¥6,091.78. The jump followed a day of relative calm, which saw the digital currency’s price fluctuate between $820 and $835 during much of the day’s trading. BPI data....
The price of bitcoin is inching closer to $1,000 once again. Prices hit a high of $994.79 during morning trading, according to the CoinDesk Bitcoin Price Index (BPI), after opening at an average of $977.52. Prices haven’t exceeded $1,000 since 6th January, having crossed that benchmark on the first day of 2017. The price of bitcoin is currently at an average of $993.04. CNY-denominated markets are up more than 9%, reaching a high of ¥6,890.56. Those markets are averaging ¥6,865.50, BPI data shows, representing an increase of roughly 9.3% Prices have been rising since earlier this week, a....
Bitcoin prices are up more than 3% since the start of the day’s trading, climbing above $950 for the first time in weeks. The average price hit a high of $959.37 from an open of $920.24, according to the CoinDesk Bitcoin Price Index (BPI). BPI data shows that the price of bitcoin hasn’t exceed $950 since 6th January. The rise above $950 came after several days of relatively stable trading, in which the price of bitcoin ranged between roughly $910 and $922, according to trading data. At press time, the average price of bitcoin is $956.32. CNY-denominated markets have climbed nearly 11%,....
Russian rubles are now flooding into Tether, while rubble-denominated crypto pairs are on the rise on major crypto exchanges. Between February 20 and February 28, Bitcoin volume surged by 243%, from 522 to 1,792 BTC traded via Binance’s BTC/RUB combo. A Russian government study claimed Russians held 2 trillion rubles ($20 billion) in cryptocurrencies. Related Article | Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning Rubble-Denominated Crypto Pairs Surge On February 28, a tremendous spike in the volume of the ruble pairings in Binance, especially in USDT, became....