The trading volume of the Ruble-Bitcoin (RUB/BTC) pair reached a nine-month high after the Central Bank of Russia increased its policy rate to 20%.
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Crypto trading volumes in rubles increased after sanctions against Russia. The trading volume of the RUB/BTC pair reached its highest level in the last nine months as the ruble depreciated at a record level following the country’s invasion of Ukraine.
Sanctions caused the ruble to fall to an all-time low (113 rubles) against the dollar, while Russian citizens are rushing to dispose of the ruble in anticipation of tighter sanctions.
Ruble recovered slightly as of broadcast time and regained 98 against dollar.
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