Bitcoin hits its highest peak in 5 months as risky investments increase

AA / Istanbul

The price of the cryptocurrency Bitcoin rose in trading on Tuesday, to its highest level since May 2021, amid lulling regulatory concerns over the ban on trading with cryptocurrencies in the United States.

At 09:21 GMT, the price of the world’s most famous cryptocurrency rose 1.19%, to trade at $ 57,237 apiece.

The cryptocurrency’s market cap stood at $ 1.084 trillion, with 18.841 million units outstanding out of a total of 21 million units offered for trading.

Until Tuesday’s trading, bitcoin rose 14.94% over the past week.

For its part, Ethereum, the world’s second largest cryptocurrency by market value, after Bitcoin, fell 3.3% to $ 3,478 per unit, with a total market cap of $ 412.86 billion. dollars.

Binance cryptocurrency today fell 4.58% to $ 401.75 per unit, while Cardano cryptocurrency fell 5.37% to $ 2.11 per unit.

The market capitalization of total cryptocurrencies around the world has increased thanks to the rise in Bitcoin, to $ 2.32 trillion, spread across 9,800 cryptocurrencies, traded on 412 platforms, according to data from the CoinMarketCap website.

Bitcoin has been on the rise since Federal Reserve Chairman Jerome Powell testified before the US Congress two weeks ago and denied the Fed’s intention to ban the use of cryptocurrencies.

Cryptocurrencies do not have a serial number and are not subject to the control of governments and central banks, like traditional currencies. However, their transactions can only be done on the Internet, since they do not have a real physical existence.

* Translated from Arabic by Mounir Bennour

Only part of the dispatches, which the Anadolu Agency broadcasts to its subscribers via the Internal Distribution System (HAS), is broadcast on the AA website, in a summary manner. Please contact us to subscribe.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.