© Reuters. Bitcoin, Ethereum, Dogecoin Shoot Up, Decoupling From US Stocks — Are Sanctions, War Fueling The Rise Of Crypto?
Major coins presented a mixed picture Tuesday evening with trading flat, but trading in the green as the global cryptocurrency market cap rose 1.4% to $2 trillion.
| Bitcoin (CRYPTO: BTC) | 1.7% | 15.4% | $44,251.80 |
| Ethereum (CRYPTO: ETH) | -0.3% | 11.2% | $2,941.43 |
| (CRYPTO: DOGE) | 0.1% | 1.6% | $0.13 |
| THORChain (RUNE) | +31.9% | $5.41 |
| NEAR Protocol (NEAR) | +17.3% | $11.51 |
| Waves (WAVES) | +9.8% | $18.47 |
See Also: How To Buy Bitcoin (BTC)
Why It Matters: The cryptocurrency market broke away from stocks to trade higher on Tuesday. The S&P 500 and the Nasdaq closed 1.55% and 1.6% lower at 4,306.26 and 13,532.46, respectively, for the day.
GlobalBlock analyst Marcus Sotiriou pointed out that Bitcoin is showing signs of decoupling from the U.S. stock market in the short term.
“Bitcoin is being heavily bid due in part to the…
