Today, CGTN Global Business took to Twitter to announce the spike in trading volumes of Bitcoin and other cryptocurrencies. This was in response to <a href="https://www.cryptoknowmics.com/news/crypto-market-plunges-as-russia-attacks-ukraine/">Russia</a> agreeing to negotiate with Ukrainian officials, on Friday. 

https://twitter.com/CGTNGlobalBiz/status/1497437899012251649

As the armed conflict with Russia began, the impact on both countries' fiat currencies was quite apparent. Although Russia's ruble suffered noticeably more, Ukrainian hryvnia also fell. The effect was immediately obvious on Kuna as well, as the trading volume of all cryptos on the exchange amounted to about $4.4 million in the past 24 hours. 

<a href="https://www.cryptoknowmics.com/news/tether-reduces-commercial-paper-holdings-to-24b/">Tether's</a> USDT <a href="https://www.cryptoknowmics.com/news/japans-mitsubishi-ufj-plans-to-issue-yen-pegged-stablecoin/">stablecoin</a> soared to as high as 36.97 Ukrainian hryvnias on Ukraine's Kuna exchange on Thursday. At the time of writing, BTC traded at $39,237 on Bitstamp.

Surge in Trading Volume of Bitcoin and Altcoin Observed, Tweets CGTN Global

CGTN Global Business tweets about surge in cryptocurrencies' trading volume.

Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.

Surge in Trading Volume of Bitcoin and Altcoin Observed, Tweets CGTN Global

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