Cryptocurrencies record strong rises in the closing session of the week today, Friday, the first session of October, and before the opening of the American markets, where the bitcoin, the most expensive digital currency in the world, leads the rise of the rest of the currencies with gains of about 10.25% and trading at levels of 47,400 thousand dollars, heading to record weekly gains of more than 12%, with a rise Its market value is $883 billion.
And digital currencies have received since Thursday’s session in support of the statements of the President of the US Federal Reserve in his testimony before the House of Representatives after he denied any intention of the Federal Reserve to ban cryptocurrencies and to follow the example of China, where Powell stressed in his response to a Republican representative that he prefers to regulate the cryptocurrency market, especially stable ones.
As is the case with money market funds.
These statements supported the rise of cryptocurrencies, after they had been under selling pressure since the beginning of the week, after repeated warnings from China.
The combined market value of digital currencies, according to Coingecko, which includes more than 9,465 thousand digital currencies, rose to 2.17 trillion dollars, an increase of 10.5% today only after it was below the trillion dollar levels at the beginning of the week.
Ethereum is the second largest digital currency in the world in terms of market value, rising by about 8.43% in the middle of the session today, Friday, and it is trading at levels of 3.207 thousand dollars, with an increase in its market value to 376 billion dollars.
Cardano, the third largest digital currency, is trading at levels of $2.22, an increase of about 6.83%, and an increase in the market value to $70 billion, while the Dogecoin rises by about 6.14% and is trading at levels of 0.2126, and an increase in the market value to $27 billion.
Ripple XRP, in turn, records gains by about 7.68%, and restores the dollar levels at $1.01, with a market value estimated at $46 billion, while Solana, the seventh currency in terms of ranking the highest cryptocurrency by market value, rises by about 8.47% and is trading at $147.43.
06/11/2024
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