Bitcoin jumps back above $40,000 as Russians switch to crypto
CNN
Cryptocurrency prices are climbing after Russia's ruble sank to another record low and Moscow was hit with new sanctions.
As of 5:25 a.m. ET on Tuesday, bitcoin had jumped 13% over the last 24 hours to $43,163, according to cryptocurrency tracker CoinDesk.
Other cryptocurrencies moved higher, too. Ethereum climbed 10% Tuesday to reach $2,878. Dogecoin rose nearly 6% to about 13 cents apiece.
More Related News
Country star Brad Paisley and the Howard Gospel Choir will team up to provide the entertainment at a glitzy, black-tie state dinner at the White House on Thursday as President Joe Biden and first lady Dr. Jill Biden roll out the red carpet for Kenya President William Ruto and first lady Rachel Ruto.