The ascent of cryptocurrencies is being accelerated by the Russian invasion of Ukraine. To some, that means crypto’s time has come.
After dropping on the initial news of the conflict, crypto has bounced back stronger than other risky assets. In the past month, the prices of the biggest digital coins, bitcoin and ether, have risen more than those of gold or the US dollar index, while the S&P 500 has fallen, according to CoinDesk.
