Bitcoin recorded its biggest rise since last July

(MENAFN– Al-Anbaa)

The encrypted digital currency recorded its largest configuration since last July, to break the narrow movement range for the first time in about two years, in the context of the rise in stock prices to exceed the level of 20 thousand dollars per unit, as a result of the decline in the value of the dollar, which increases the demand for higher-risk assets such as currencies. digital.
Bloomberg news agency reported that the world’s largest digital currency rose today by 10.1% to $ 21,341 per unit until
The time is twelve and five minutes in New York time, which is the highest level since July 19. Bitcoin also outperformed most other digital currencies in terms of the rate of increase, including Ether and Cardno. Despite this, the price of Bitcoin and Ether is still less than its level at the beginning of this year by about 50%.
Tarusha Mittal, co-founder of the Unifarm cryptocurrency platform, said that it is too early to say that digital currencies are usually on the rise again, but if the price of Bitcoin rises to between 22 thousand and 25 thousand dollars per unit, it can restore investor confidence and increase demand for it, so it rises to levels higher.
The Bloomberg dollar index of the value of the dollar fell against other major currencies by 0.9 percent, after rising earlier this week to a record level. All of the world’s 10 major currencies rose against the dollar today, with the Australian and Norwegian currencies leading the way higher.

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