The Chairman of the Russian Energy Commission Pavel Zavalny said that Russia is considering accepting different currencies when customers buy gas, including in Bitcoin.
On the evening of March 24, Bitcoin price bounced up from $42,828 to $43,940. This bull run lifts Bitcoin’s capitalization to the $831.6 billion mark. The cryptocurrency’s 24-hour trading volume increased by more than 24% to hit $32.6 billion.
According to Bitcoin Magazine, in a video allegedly taken from an interview, the Chairman of the Russian Energy Commission Pavel Zavalny said that Russia is considering accepting different currencies when customers buy gas, including in Bitcoin, but as the case may be. Currently, this is only unofficial information, comes from social networks and is believed to be the cause of Bitcoin’s sharp increase in price.
Before that, the price of Bitcoin bounced sharply and set a new peak in Russia. According to data from the Binance exchange, the BTC/RUB price pair has been on the rise since February 24. On the morning of March 8, the exchange rate between Bitcoin and RUB hit a new peak at 5,300,476 RUB/BTC. The trading volume reached nearly 1.3 billion RUB, equivalent to more than 9.4 million USD.
The sharp drop in RUB caused BTC/RUB to rise, in order to maintain the exchange rate between BTC/USD and BTC/RUB pairs. After US Secretary of State Anthony Blinken and his allies considered a crude oil embargo from Russia, the exchange rate of the RUB against the US dollar jumped to 136.5 RUB/USD.
@ Zing News
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Source: Vietnam Insider