Crypto prices: Bitcoin climbs back above $44k as appetite for risk returns

Bitcoin rose to more than $44,000 for the first time since the end of last week as optimism over an easing of tensions around Ukraine renewed investors’ appetite for riskier assets.

The largest cryptocurrency by market value strengthened as much as 5.2% to $44,449. Other digital tokens also increased, with Ether jumping 7%, Solana up more than 9% and DeFi favorite Aave also up around 7%.  

Global equities rallied after Russia said Tuesday that some troops are starting to return to their regular bases after completing drills. U.S. warnings of a possible Russian attack on Ukraine had reached their most urgent level