Cryptocurrencies are recording rises this morning, Monday, August 23, as the most expensive digital currency in the world (Bitcoin) leads the cryptocurrency rises after it regained the levels of 50 thousand dollars for the first time since mid-May, coinciding with a rise in the market value of cryptocurrencies to more than 2.22 trillion dollars, an increase of about 2.2% in the last twenty-four hours, according to the site coingecko, which includes more than 9 thousand digital currencies

This rise in cryptocurrencies comes with the support of optimism and the high demand for digital currencies from investors with the positive news of the digital currency market from investment institutions that have started to adopt cryptocurrencies, the latest of which is Wells Fargo and JP Morgan, in addition to the continuation of Bitcoin trading above the 200-day average and thus formed a positive momentum on the The most expensive currency in the world.

Bitcoin is trading at 50,204 thousand dollars, an increase of about 1.85% today, and an increase of about 6% in the last seven trading sessions, with an increase in the market value to 942 billion dollars, and it is close to returning to the trillion dollar levels again.

Ethereum is the second largest digital currency in terms of market capitalization, rising by about 1.98%, trading at levels of 3.331 thousand dollars, with a market value of 390 billion dollars.

On the other hand, Cardano rises by about 9.21%, trading at levels of $2.86, and a market value of $91 billion, to be one of the largest currencies rising today, and it sits on the throne of the third largest digital currency in terms of market value.

While the Dogecoin is trading at levels of $0.3199, down by about 0.10%, and its market value is about $41 billion.