Cryptocurrencies are recording strong gains at the beginning of the trading week today, Monday, July 26, as most of them recorded increases of more than 10% during today’s trading, with the addition of about $114 billion in the combined market value of the cryptocurrency market, according to Coinmarketcap.com data.
And Tesla CEO Elon Musk announced last week at the World Bitcoin Conference that his company may resume dealings with Bitcoin as a means of payment again, and that his space exploration company, SpaceX, owns some of them. Bitcoin to their balance sheets.
Meanwhile, unconfirmed sources have indicated so far that the world’s e-commerce and retail giant Amazon is considering accepting bitcoin payments by the end of this year.
These statements supported the rises of the cryptocurrencies to trade at their highest levels since mid-June, coinciding with increases in their market value, as Bitcoin traded this morning, Monday, at levels of 38,818 thousand dollars, an increase of about 11.92%, with an increase in the market value to 728 billion dollars.
Ethereum, the second largest digital currency in the world, is trading at an increase of about 8.87% at levels of $2,370 thousand, and a market value of $276 billion.
Cardano is rising by about 11%, trading at levels of $1.37, with a market value estimated at $43 billion, while Dogecoin is trading at $0.2256 levels, up by about 13.34%, and a market value of $29 billion.