Amid the ongoing Russian invasion of Ukraine, Fed rates, and a host of other uncertainties, Crypto markets along with overall market made decent rebounds today. Bitcoin came back to 43k (+15%) and Ethereum to 2.9k (13%). The question to ask is: with the global turmoil, what is behind the rebound? To start, it can be crypto’s strong fundamentals paired with its growing adoption and use cases.

Two days ago, Ukraine released a tweet stating that it would receive donations through Bitcoin, Ethereum, and USDT to help finance the war. As of writing, over 17 million dollars of crypto assets have been sent to Ukraine’s address. New data also shows over 70% of bitcoin has not moved for the last 6 months, a new record. Ethereum also broke a record with its number of stakers in preparation of Eth2. The strong fundamentals highlight the possible reasons the crypto market is rebounding regardless of disastrous global events.

However, the crypto market is still down significantly from its all-time highs of November 2021 and the future is still uncertain. This rebound is not indicative of future price action, and may in-fact be short term if macro conditions decide to worsen. Given Crypto’s and rising use-cases and adoption, current and short-term fluctuations will not be a factor of the markets value in ten years.