The cryptocurrency market rebounded in the last 24 hours following a sharp fall when Russia’s invasion of Ukraine began.
After Vladimir Putin seemed to declare war on Ukraine by sending troops into the sovereign country – with world leaders condemning Russia’s actions as fighting broke out in many areas on Thursday – the price of several major coins tanked by 15%.
However the market stabilised then recovered by Friday morning.
One coin stood out: Terra (LUNA), which lost the smallest amount when the invasion destabilised the markets, added an astonishing 28% from Thursday morning to Friday.
LUNA stand at $66.95 at the time of writing (7am UK) and is the only major to be up over the course of a week: it is 31% higher than its price last Friday morning.
Avalanche (AVAX) jumped 14% to $75.63 yet is 15% down over seven days.
Market leader Bitcoin (BTC) gained 11% to around $38,700 and is 5% down in a week.
Cardano (ADA) reached 85 cents with a 10% gain but is 18% down in a week.
Meme coin Dogecoin (DOGE) also gained 10% and is above 12c, down 13% in a…
