Bitcoin now has a higher market cap than the russian ruble thanks to the recent rally as the total market cap for cryptos crosses $2 trillion. By thesamreynolds
previously said that capital controls in Russia are a factor in this rapid appreciation.
"Capital controls without demand don't make an impact on price. Capital controls mean price will deviate to one side or the other depending or where the demand is," Trader and analyst Alex Kruger told CoinDesk in a prior interview.during the last week, and is now trading at approximately $94. Solana's SOL and other layer 1 tokens like Avalanche's AVAX and Polkadot's DOT also responded favorably to the market. SOL gained 18.5% this week, while AVAX was up approximately 16% and DOT nearly 13%.
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