Crypto On March 8: Bitcoin, Binance Coin Rise Slightly As Other Top Coins Trade In Red

Top coins Bitcoin and Binance Coin had a breather even as other top coins continued to trade in red Tuesday.

Bitcoin rose 0.32% to $38,275. Binance Coin was up 1.59% at $379.20 as of 2.10 a.m. ET, CoinMarketCap data showed.

The global market cap was, however, down 0.23% at $1.71 trillion. All other coins in the top 10 tokens plunged. Meme cryptos Shiba Inu and Dogecoin too slid.

Over the last three days, crypto prices declined a settlement between Russia and Ukraine remained elusive.

Indian exchange CoinDCX noted a couple of points in the overall market that could be worrying investors.

"Oil prices continue to rise, worrying investors who have already watched it increase significantly over the last few months," CoinDCX told International Business Times.

"Through this course of events, we also see gold prices trending upwards, a reflection of the enduring safe haven asset reputation gold enjoys. Set against this context, it is clear that while crypto assets have gained widespread adoption and trust, more time is needed for crypto to be established as a safe haven asset in times of uncertainty," the Indian exchange said.

Decentralized crowdfunding platform GoFundMe is on fire on social media. Netizens are excitedly talking about the platform, which is a crypto equivalent of crowdfunding platform GoFundMe.

The crypto market is extremely volatile and experts recommend investors not make decisions based on the sudden shift in prices.