Why have cryptocurrencies started to rise again recently?

The recent Russian-Ukrainian conflict has attracted worldwide attention. Under the joint sanctions of the United States, the European Union and other countries, the SWIFT system froze the accounts of five major Russian banks, involving an amount of more than 300 billion US dollars, and the panic of the Russian people soared.

Currently, Russia is facing high inflationary pressures, and people are exchanging cash for dollars and cryptocurrencies to offset the risk. Meanwhile, Swiss banks, which once claimed to be neutral, are no longer neutral, with Switzerland announcing that it will join the sanctions. At this point, the hedging properties of cryptocurrencies are highlighted. As a result, the cryptocurrency has rebounded sharply over the past two days.

The price of miner has dropped significantly recently, so if you want to invest in cryptocurrencies, the editor believes that buying a mining machine is a good choice at the moment.