Ether is also making a good recovery now. According to Gadgets 360’s crypto price tracker, ETH is up 4.14 percent and its price (Ether price in India today) was $2,838 (approximately Rs 2.15 lakh) at the time of writing. On an international exchange like Coinbase, the price of ETH has risen by 4.82 percent and is currently trading at $2,764 (approximately Rs 2 lakh).
This increase in the prices of BTC and ETH comes after Ukrainian President Volodymyr Zelenskyy ordered to legalize crypto in the country. Along with bitcoin and ether, other crypto assets have also brought millions of dollars in donations to Ukraine.
Ukraine has promised government support for national and foreign crypto exchanges as part of its new crypto legalization law signed on March 16, 2022. Unlike El Salvador, the country has not adopted bitcoin or any other cryptocurrency as a legal tender.
Ukraine has legalized the crypto sector — @ZelenskyyUa signed a law. From now on foreign and Ukrainian cryptocurrencies exchanges will operate legally and banks will open accounts for crypto companies. It is an important step towards the development of the VA market in Ukraine. pic.twitter.com/lqqO1J9r1k
— іністерство ифрової трансформації країни (@mintsyfra) March 16, 2022
Most of the altcoins including Binance Coin, Cardano, Solana, Avalanche, and Polkadot are also rising with the momentum of the market.
Dogecoin and Shiba Inu have also seen slight gains after staying at lower levels.<!–
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