Cryptocurrencies After Russia-Ukraine War: Top 5 Gainers

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1. Bitcoin

Bitcoin is the most popular crypto coin in Ukraine. Since it is also the most popular coin across the globe, it has been the most-traded coin on both sides of the conflict as Ukraine uses it to facilitate donations for the war effort while Russians use it as a hedge against inflation and Western sanctions. Bitcoin-based payments have already helped the Ukrainian government raise tens of millions for the war. 

Bitcoin has jumped to $42,397 after falling to as low as $36,370 in late February. This dramatic increase has come despite a 8% drop in the price of the coin on the day following the invasion. Since the US sanctioned Russian banks, however, the coin has been on a consistently upward trajectory and is likely to remain there for the remainder of the war. 

You can also take a peek at 10 Best Medical Stocks Under $10 and 15 Best Warren Buffett Stocks to Buy Now.

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