The global crypto market’s value today gained over a per cent in the past 24 hours to $2.03 trillion, according to pricing from CoinGecko.
Bitcoin has been struggling along with risk assets in recent months.
On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency also gained more than a percent to $3,093.
Countries such as Russia and Iran may eventually use cryptocurrency mining to evade sanctions, the International Monetary Fund warned in a report.