As Sanctions Pile, Bitcoin Flips the Russian Ruble
Key Takeaways The West's severe economic and financial sanctions against Russia have caused the ruble to plummet by roughly 11% against the U.S. dollar. As a result, Bitcoin now has a bigger market capitalization than the ruble by roughly $120 billion. Exchange data shows that Russians have turned to crypto in seeking refuge from the falling national currency. Share this article Thanks to unprecedented financial sanctions from the West, Bitcoin now has a higher market capitalization than the Russian ruble.Russian Ruble Plummets Following...