© Reuters.

This week (BTC) and select altcoins broke above their immediate resistance levels and moved higher, which propelled the total crypto market capitalization above $2 trillion on March 24.

One of the triggers that could have driven crypto prices higher was BlackRock (NYSE:) CEO Larry Fink’s letter to shareholders where he said that the Russia-Ukraine conflict has opened up avenues for digital currencies to be used as a mode of settlement for international transactions.

Daily cryptocurrency market performance. Source: Coin360