While expectations indicated the continued rise of digital currencies led by “Bitcoin”, the accusations faced by the market that it could be used by Russia in violating the sanctions imposed by Western countries on Russia, caused it to turn into losses that pushed “Bitcoin” to the level of 37 thousand dollars. during the past days. However, the market quickly recovered and recorded significant gains over the past 72 hours.
According to the CoinMarketCap platform, the combined market value of digital currencies jumped during the past 72 hours, by 6.7%, to gain about $120 billion in market value, after rising from $1788.4 billion in trading last Thursday, to $1,908.4 in trading on Sunday morning.
At the forefront of the gaining currencies came the “Bitcoin” currency, the most powerful and widespread in the cryptocurrency market, as it recorded an increase of 4.3%, winning towards 1755 dollars, after its price rose from the level of 40,508 dollars to about 42,263 dollars.
The “Ether” coin, which ranked second among the largest digital currencies by market value, recorded a 10% increase, gaining about $273, after its price rose from $2,686 to about $2,959. Its combined market value jumped by 10.2%, winning about $33 billion, rising from $322.4 billion to about $355.4 billion, acquiring 18.62% of the total market, and reaping about 27.5% of the total market gains.
While the currencies “Tezr” and “USD” settled at the level of $ 1, their combined market value stabilized at the level of 80.45 and 52.89 billion dollars, respectively.