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Bitcoin leads cryptocurrency rises, market value jumps more than 12%
image 1 March، 2022
image ابحاث السوق
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 Bitcoin is the most expensive digital currency in the world, the digital currency gains recorded since the beginning of the week yesterday, Monday, and continue with the beginning of the European session today, the first Tuesday in March, where the Bitcoin rise by about 14.50%, recording the largest daily gain since the beginning of the year, to regain the levels of 43,300 thousand dollars, coinciding with the rise Market value to 818 billion dollars.

Despite the continuing escalation of tensions and the war between Russia and Ukraine, which supports the currencies and assets of safe havens and loses the cryptocurrency markets, which are considered high-risk markets, investors began to seize the opportunity of the decline of cryptocurrencies, especially Russian investors and traders, after the collapse of the Russian ruble by more than 30 % yesterday, Monday, and imposed strong sanctions on Russian financial systems such as SWIFT, and therefore more liquidity is expected to enter cryptocurrencies as a kind of hedge.

The market value of cryptocurrencies combined, according to the Coingecko website, which includes more than 12 thousand digital currencies, has risen in the last 24 hours by more than 12% today, Tuesday, trading at $ 2 trillion, benefiting from the entry of strong liquidity in the last 24 hours.

Ethereum is the second largest digital currency in terms of market value, rising by about 11.79% and trading at levels of 2.918 thousand dollars, with a market value of 347 billion dollars.

The Dogecoin currency recorded increases by about 7%, trading at levels of 0.1317 dollars, with an increase in the market value to 17 billion dollars, while the cardano rose by about 11.34%, and it is trading at levels of 0.9666 dollars, with a market value estimated at 32 billion dollars.

Solana is trading at levels of $95.64, with gains of about 11.63%, and a market value estimated at $30 billion, while Litecoin is up by about 9%, trading at levels of $111, with an increase in market value to $7 billion.

The XRP currency, in turn, rises by about 7.45% and is trading at levels of $0.7745, with a market value of $36 billion.

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