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Cryptocurrencies morning rises despite the weak performance since the beginning of the week
image 29 September، 2021
image ابحاث السوق
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 The majority of digital currencies are trading within a narrow ring since the beginning of the week until the morning of today, wen, September 29 (September), where the most expensive digital currency in the world (Bitcoin) is trading within a ring between 40 thousand – 44 thousand dollars since the beginning of the week, despite its rise today by about 1.19% It traded at 42.455 thousand dollars, with stability in the market value at 796 billion dollars.

The market value of cryptocurrencies combined, according to Coingecko, which collects data for about 9,433 thousand digital currencies, is down about 0.3% this morning, Tuesday, and is trading at levels of 1.96 trillion dollars.

This weak performance of the digital currency market since the beginning of the week comes with the continued impact of the recent Chinese decisions on the cryptocurrency market after China renewed its campaign against cryptocurrencies at the end of last week, Friday, by pledging ten agencies, including the People’s Bank of China, to work together against cryptocurrencies, as it confirmed The People’s Bank of China stated on its website that cryptocurrency-related transactions would be considered an illegal activity and pledged to root out digital asset mining.

Binance and Huobi platforms have stopped allowing traders to use mobile phone numbers in China to register new accounts, while new signups are still available for Hong Kong users.

Ethereum is the second largest digital currency by market value, rising by about 0.876% in the morning, trading at levels of 2.924 thousand dollars, with an increase in the market value to 344 billion dollars.

On the other hand, Cardano rises by about 1.02%, trading at levels of $2.14, and a market value of $68 billion, while the Dogecoin is trading at $0.12 levels, up by about 0.35%, and a market value of about $26 billion.

The Solana currency is recording highs, the strongest among the top ten, with a rise of about 4.93%, and it is  trading at levels of 139.39 dollars, and a market value of 41 billion dollars.

On the other hand, some currencies have recorded declines since the beginning of the session, as the 12th digital currency Avalanche in terms of market capitalization is declining by about 1.27% and trading at levels of $ 65.64, with a market value estimated at $ 14 billion, while the Terra loses about 2.25% and is trading at levels of $34.84 and a market value of $ 13 billion .

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