After a difficult year marked by losses and bankruptcies, cryptocurrency trading platforms turned green and the market's strongest currency, Bitcoin, consolidated its gains, crossing the $17,000 level for the first time. over two months.
Crypto market gains are driven by market optimism that the US Federal Reserve will soon end its strict policy of raising interest rates, and the gold market was also consolidating its gains strongly because of this optimism.
Money market experts expect digital currencies to see fluctuating trade in the current period, absent an influencing factor pushing them into recovery, especially in light of the frequency of news which reflects the rigor of the governments of the countries in dealing with them.
In terms of trading and in the past few hours, the combined market value of crypto digital currencies jumped 0.86%, gaining around $7.3 billion, after its total market value rose from $842 billion from transactions at the end of last year to about $849.3 billion at present.
Bitcoin is in the lead
At the forefront of the gaining digital currencies is the currency "Bitcoin", which registered an increase of 0.1% in the last hours, compared to 2.8% during trading last week, to trade today. today at the $17,204 level.
Its combined market value has also reached the level of $331.3 billion, which is around 39% of the total market value of cryptocurrencies traded at present.
The currency "Ethereum", which ranked second in the list of the largest cryptocurrencies by market value, recorded gains of 1% in the last hours, with an increase of 8.7% during exchanges from last week, to settle its price in today's trading at the $1323 level. Its total market value has also reached the level of $161.9 billion, which is around 19.06% of the combined market value of currencies traded at present.
The "Teser" coin came in third place after its price stabilized at the $1 level, while its market value maintained the level of $66.27 billion, with a market share of 7.8. %.
And while the currency "BNB" came in fourth place, it posted losses in the last hours of 1%, against weekly losses of 11.6%, to settle its price in today's trading. today at the $274.8 level. Its combined market capitalization remained at $43.96 billion, with a market share of 5.17%.
And the currency "USDS" came in fifth place after its price stabilized at the level of one dollar. It also maintained its total market capitalization at $43.88 billion with a total market share of 5.16%.
Cardano Weekly Earnings
Currency "X Ripple" recorded losses in last week's trading amounting to 0.5%, with losses of the same percentage over the past few hours to settle its price in trades today, Wednesday, at the $0.374 level. Its combined market capitalization remained at $17.59 billion, with a market share of 2.07%.
The currency "BUSD" came in seventh place, and while its price stabilized at the level of one dollar, its total market value maintained the level of 16.35 billion dollars, acquiring a market share of 1.92% of the total combined value of currencies traded. at present.
And the “Cardano” coin came in eighth place, recording gains of 24.2% in last week’s trading, with a 3.4% drop in the last few hours, to settle its price in today's trades at the $0.315 level. Its combined market cap jumped to the $10.87 billion level, with a market share of 1.27%.
As for the currency "Dogecoin", which ranked ninth, it recorded gains during last week's trading, amounting to 5.5%, compared to an increase in the last hours of 1.4 %, to settle its price in today's trading at the $0.0758 level. . Its combined market capitalization remained at $10.05 billion, with a market share of 1.18% of the total market value of currencies traded at present.
And the “Polygon” coin came in tenth place, registering losses in the last hours of 1%, against a weekly increase of 8%, to trade today at the level of $0.846. Its combined market value stabilized at $7.39 billion, capturing a market share of 0.87%.
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