Cryptocurrencies climbed Monday after dropping with the rest of the world's markets as the Russia-Ukraine situation deepened. Today's Bitcoin price increased by 4 percent to USD38,569.5.

Meanwhile, as perCoinGecko, the worldwide cryptocurrency market capitalization has risen to USD1.8 trillion, up more than 2 percent in the last 24 hours.

Ether, the cryptocurrency linked to the Ethereum blockchain and the second-largest cryptocurrency by market value, climbed almost 2 percent to USD2,627. However, Dogecoin was trading at USD 0.12, down over 3 percent, and Shiba Inu was trading as USD 0.000024, down about 2 percent. Other coins' performance was varied, with Solana, XRP, Terra, Avalanche, Stellar, Polygon, and Polkadot prices falling in the last 24 hours while Cardano and Litecoin prices rose. 

Bitcoin's wild swings in recent weeks of growing international tensions have weakened the idea that cryptocurrencies may be used as a safety net in times of crisis. As fast-moving developments relating to Russia's invasion of Ukraine whipsawed investors, Bitcoin's correlation to equities continued to increase as the largest cryptocurrency rebounded along with other risk assets. In US afternoon trade, markets bounced back as President Joe Biden imposed tough sanctions on Russia for its invasion of Ukraine.

Oil boils above USD105 after Russia attacks Ukraine

Indian rupee is up 25 paise to 74.59 against US dollar

Crude Oil prices spurt amid Ukraine tensions