Cryptocurrencies record gains in the middle of today’s trading session, Monday, July 19, the opening session of the week, coinciding with a clear rise in risk appetite in the markets before the opening of the American session, as the Ethereum currency leads these increases, trading at levels of 1.490, up 10% today, Monday, and 30% gains in the last seven Trading sessions benefiting from the tests conducted on the Ethereum integration.
The high risk appetite after days of decline and its negative impact on the cryptocurrency market is due to the decline in market expectations and bets regarding the US Federal Reserve raising interest by 100 basis points to 75 basis points at its meeting next week, which supports temporary declines in the US dollar and the rises of US stocks and the cryptocurrency market.
The market value of the cryptocurrency market combined, according to Coingecko, which includes more than 13,000 digital currencies, has risen since the beginning of the session by about 5%, trading at $1.06 trillion, to gain more than $111 million today only.
Bitcoin, the largest digital currency in the world, is rising from its lowest level since January of last year by about 3.96% and is trading at levels of 22,244 thousand dollars, with a market value estimated at 423 billion dollars.
The Dogecoin, in turn, records increases by about 3.88%, trading at levels of $0.06672, with an increase in market value to $8 billion, while Cardano rises by about 3.5% and is trading at levels of $0.4931 and a market value of about $16 billion.
The Shiba Inu currency is rising by about 3.15%, trading at levels of $0.000113, with an increase in the market value to $6 billion, while the Solana currency is trading at an increase of about 5.75%, trading at levels of $41, with a market value estimated at $14 billion.
The XRP or Ripple currency rises by about 4.51% today, Monday, and is trading at levels of 0.3683 with an increase in the market value to 17 billion, while Litecoin rises by about 5.12%, trading at levels of 58 dollars, with an increase in the market value to 4 billion dollars.