Cryptocurrencies managed to absorb the shock of the Russian invasion of Ukraine and surpassed the wave of violent losses that affected it yesterday, to record huge gains during the past 24 hours.
During recent trading, the combined market value of cryptocurrencies jumped by 8%, gaining about $127 billion, after the total market value rose from $1586.7 billion in Thursday’s trading, to about $1713.7 billion on Friday morning.
At the top of the gaining digital currencies came the “Bitcoin” currency, which recorded an increase during the past hours by 10.5%, compared to losses during the last week’s trading of 5.4%, to be traded today at the level of $38,432. Its combined market value also jumped to about $730 billion.
As for the “Ethereum” currency, which ranked second among the largest digital currencies in terms of market capitalization, it recorded gains during the past hours, amounting to 11.2%, compared to a decline during the last week’s trading by 10.2%, to settle its price in today’s trading at the level of 2603 dollars. Its combined market value also rose to the level of $312.3 billion.
While the “Tezer” currency came in third place, its price stabilized at the level of $1, and its combined market value stabilized at the level of $79.5 billion.
The “BNP” currency came in fourth place, and recorded gains during the past 24 hours by 7.5%, compared to a decline of 11.3% during the last week’s trading, to settle its price in today’s trading, at the level of $359.88. Its combined market value also jumped to the level of $59.5 billion.
The USD currency came in fourth place, as its price stabilized during the past hours at the level of $1, and its total market value stabilized at the level of $53.19 billion.