{"id":9534,"date":"2022-03-03T10:26:56","date_gmt":"2022-03-03T10:26:56","guid":{"rendered":"http:\/\/egrowonline.com\/?p=9534"},"modified":"2022-03-03T10:26:56","modified_gmt":"2022-03-03T10:26:56","slug":"crypto-market-rebounds-as-tech-firms-boycott-russia","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=9534","title":{"rendered":"Crypto Market Rebounds As Tech firms Boycott Russia"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400\">This morning, the crypto market registered gains, with most top 10 cryptocurrencies registering positive numbers over the past 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a move to support Ukraine Apple has joined other major tech firms in <\/span><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8e5164dc-a907-4211-a58f-726c9342f372\" rel=\"noopener\"><span style=\"font-weight: 400\">Boycotting Russia<\/span><\/a><span style=\"font-weight: 400\">. As a result, customers living there can no longer buy any of their products or make purchases via app store\u2013 including iPhones.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The markets were in turmoil yesterday as fighting between Russia and Ukraine continued.<\/span><\/p>\n<p style=\"text-align: center\"><b><i>Related Reading | <\/i><\/b><a target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-closes-1st-green-month-after-3-reds-what-history-says-may-happen\/\" rel=\"noopener\"><b><i>Bitcoin Closes 1st Green Month After 3 Reds, What History Says May Happen<\/i><\/b><\/a><\/p>\n<p><span style=\"font-weight: 400\">The markets will be watching closely today as Chairperson of the Federal Reserve Jerome Powell gives his bi-annual monetary policy update to Congress. The future trajectory for interest rates has been uncertain following recent events. Still, investor expectations may change soon enough, thanks in large part due to an upcoming report from ADP Non-Farm Employment Change.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Top Cryptocurrencies Performance<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Bitcoin is up 1%, trading at $44,000. Ethereum\u2019s value has also improved slightly \u2013 it was trading around 2% higher than before mid-day hours today. Cardano ranks ninth in terms of market cap right now but may fall outside the top 10 by tomorrow if its performance continues like recent days have shown us will happen.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The leading cryptocurrency, Terra, continues its surge towards success. It has now climbed to #7 by market cap and is displaying impressive gains of 63%. Over the past week, a price spike in LUNA tokens made it the second-largest staked asset among all currencies passing Ethereum.<\/span><\/p>\n<figure id=\"attachment_485011\" aria-describedby=\"caption-attachment-485011\" style=\"width: 576px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-485011\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/03\/BTCUSD_2022-03-03_12-19-53-460x257.png\" alt=\"Bitcoin Price\" width=\"576\" height=\"322\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/03\/BTCUSD_2022-03-03_12-19-53-460x257.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/03\/BTCUSD_2022-03-03_12-19-53-860x481.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/03\/BTCUSD_2022-03-03_12-19-53-768x430.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/03\/BTCUSD_2022-03-03_12-19-53-750x419.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/03\/BTCUSD_2022-03-03_12-19-53.png 1012w\" \/><figcaption id=\"caption-attachment-485011\" class=\"wp-caption-text\">Bitcoin is trading 1% down after touching its $45,000 support | Source: BTC\/USD chart on <a target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\" rel=\"noopener\">Tradingview.com<\/a><\/figcaption><\/figure>\n<h2><span style=\"font-weight: 400\">Top Movers Of The Day<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The value of the NEAR token has rebounded sharply in recent days as demand for altcoins increases. At $11.43 per coin, it is trading about 56% higher than its lowest point this year and 22nd on Coinmarketcap rankings. Today\u2019s rise brought its price up 9%, which ranked them inside the top 20.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Today, there are some other gainers, including Fantom with 12% and THORChain at 17%. In addition, convex Finance has been on an impressive rise lately \u2013 it\u2019s up 45 percent. The Anchor Protocol shows signs of stability, gaining 13% in just 24 hours.<\/span><\/p>\n<p style=\"text-align: center\"><b><i>Related Reading | <\/i><\/b><a target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/news\/cardano\/a-wonder-entry-gal-gadot-invests-on-this-cardano-protocol\/\" rel=\"noopener\"><b><i>A Wonder Entry, Gal Gadot Invests On This Cardano Protocol<\/i><\/b><\/a><\/p>\n<p><span style=\"font-weight: 400\">The Render Network is a new, decentralized GPU rendering system built on the Ethereum Blockchain that links artists and mining partners who need high-powered graphics cards (GPUs) with those willing to rent them out. This has led it to appreciate by 16% today.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Top Trending Market Update<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The crypto community reacts positively to the news that the Dog-themed meme coin Floki Inu will be available on HUOBI. 19.40% in 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Huobi\u2019s new listing of FET has caused the price to surge. The crypto is also accepting donations for Ukraine, adding a quarter worth of value since it happened.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The price of Frontier\u2019s token, FRONT, has increased by almost 40% today. The company recently closed a $100K sweepstakes contest and accomplished some high-profile partnerships that led to this success.<\/span><\/p>\n<pre>                Featured image from Pixabay Chart from Tradingview.com<\/pre>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/news\/market-update-crypto-market-rebounds-as-tech-firms-boycott-russia\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This morning, the crypto market registered gains, with most top 10 cryptocurrencies registering positive numbers over the past 24 hours. In a move to support Ukraine Apple has joined other major tech firms in Boycotting Russia. As a result, customers living there can no longer buy any of their products or make purchases via app [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[40],"tags":[5806,62,141,219,1209,1419,474],"class_list":["post-9534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-boycott","tag-crypto","tag-firms","tag-market","tag-rebounds","tag-russia","tag-tech"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/03\/Market-Update-3.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/9534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9534"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/9534\/revisions"}],"predecessor-version":[{"id":9536,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/9534\/revisions\/9536"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/9535"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9534"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}