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Cryptocurrencies rise after sharp declines, with a market value rise of more than 5% today, Monday
image 29 November، 2021
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The cryptocurrency markets returned to the rise after being subjected to strong selling pressures on Friday at the end of last week, as financial markets were hit hard with the news of the emergence of the new mutant, which was called Omicron from South Africa, causing the cryptocurrency market to suffer strong losses by the end of the week before returning to recover as it seems that buyers They have bought cryptocurrencies from lower levels after a correction of more than 20% from its recent high.

Bitcoin, the most expensive currency in the world, rises by about 5.61% and is trading at levels of 57.376 thousand dollars, with an increase in the market value to 1.081.524 trillion dollars, after it tested its lowest level in 7 weeks at 53.300 yesterday, Sunday.

The market value of the cryptocurrency market as a whole is rising, according to Coingecko, which includes more than 11,000 digital currencies, by about 5.4%, and adds about $130 billion today, Monday, to reach $2.71 trillion.

Ethereum, the second largest digital currency in the world, rises by about 7% in the middle of today, Monday, and is trading at levels of 4.334 thousand dollars, with an increase in the market value to 511 billion dollars.

The Dogecoin currency recorded increases of about 3%, trading at levels of 0.2057 dollars, with an increase in the market value to 27 billion dollars, while the cardano rose by about 6.19% and trading at levels of 1.58 dollars, and a market value estimated at about 52 billion dollars.

Ripple, in turn, rises by about 5.66%, trading at levels of $0.98, and a market value of about 46 billion dollars. The Solana currency is also rising by about 8.78%, trading at levels of 204 dollars, and a market value of about 61 billion dollars.

Litecoin recorded a gain of 4.59%, trading at levels of 197 dollars, with an increase in the market value to 13 billion dollars.

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