global.gerbangindonesia.org – Today’s Crypto Prices March 10, 2022: Bitcoin et al Compact Strengthen
The prices of Bitcoin and cryptocurrencies at the top were seen again experiencing uniform price movements, Thursday morning (10/3/2022). Several cryptocurrencies previously weakened, this time they are strengthening again
Based on data from Coinmarketcap Thursday morning, the cryptocurrency with the largest market cap, Bitcoin (BTC) has gained 8.81 percent in the last 24 hours. However, it is still down 4.65 percent in the week.
Currently, the bitcoin price is at the level of USD 41,940.94 per coin or equivalent to IDR 597.9 million (assuming an exchange rate of IDR 14,363 per US dollar).
Ethereum (ETH) as the second largest cryptocurrency also strengthened. In the last 24 hours, ETH strengthened by 5.85 percent. However, it is still down 8.45 percent in the week. That way, ETH is currently at USD 2,714.20 per coin.
The next cryptocurrency, Binance coin (BNB) this morning managed to strengthen again. In the last 24 hours BNB strengthened by 3.03 percent, but still weakened 4.25 percent in the week. That leaves BNB at USD 391.71 per coin.
Meanwhile, Cardano (ADA), which had weakened yesterday, is now strengthening again. ADA strengthened in the past day by 6.10 percent. But still down 10.62 percent in the week. Thus, ADA is at USD 0.8432 per coin.
Meanwhile, Solana (SOL) also managed to rise in the past day by 6.82 percent. However, it still fell 13.67 percent in a week. Currently, the price of SOL is at the level of USD 87.45 per coin.
Stablecoins such as Tether (USDT) and USD coin (USDC), both strengthened again this morning. In the past day, both rose 0.01 percent and 0.03 percent, respectively. This makes the price of both still survive at the level of USD 1.00 per coin.
US Asks Binance and FTX to Cut Russia’s Access to Crypto
Previously, in a report revealed, Joe Biden and his government are working hard to ensure Russia accepts the impact of the invasion of Ukraine.
Despite the SWIFT ban and Russian money-blocking, they are now looking into the digital asset class and how the US can use it to enforce sanctions on Russia. This was revealed from a Bloomberg report, quoted from Yahoo Finance, Tuesday, March 8, 2022.
The White House National Security Council and Treasury have issued orders to some of the largest cryptocurrency exchanges. The exchange has been asked to ensure Russia does not use crypto as an escape.
The country recently imposed heavy sanctions on the Russian Federation and wants to make sure they feel the same way.
“Cryptocurrencies are not a substitute for the US dollar widely used in Russia, but American authorities are aggressively continuing to combat abuse of digital assets to evade sanctions,” a white house official said.
Some crypto exchanges that appear to be in talks with the White House are Binance, Coinbase, and FTX.
Although Binance and Coinbase have recently stated that they will not block Russian crypto accounts, it is possible that they will make changes.
As per a Bloomberg report, both exchanges only want to take action on sanctioned accounts. Only addresses identified by the Treasury are flagged and blocked from making transactions.