Cryptocurrency prices varied, today, Sunday, in light of concerns about the continued rise in interest rates.
This comes at a time when the Fed President hints that there are more steps to raise interest rates during the next meeting in September.
The world’s two largest digital currencies, “Bitcoin” and “Ether”, are heading towards achieving their best monthly performance since 2021, amid the recovery of risk appetite in global markets and optimism about the upgrade of the “Ethereum” network.
Bitcoin rose more than 25% in July, while the price of Ether jumped 70%.
Today, the market capitalization of cryptocurrencies remained unchanged, reaching $1.1 trillion.
It also recorded a trading volume during the last 24 hours, about $75.99 billion.
The price of Bitcoin reached a high of $69,000 last November.
Cryptocurrencies are a non-cash digital payment method, which is managed and traded in a decentralized online payment system that is highly protected away from the control and control of banks.
It is reported that according to the statistics of the cryptocurrency trading platform Crypto.com, there were approximately 300 million people who owned cryptocurrency by the end of 2021.