The dollar's weakness and growing recession indicators have pushed asset classes to rise strongly over the past 24 hours, as gold and cryptocurrencies benefited strongly from this decline in the dollar.
According to Arab Net, the price of Bitcoin rose by more than $ 22,200, to increase the largest cryptocurrency by market value by 4.3%, and 11% during the last 7 days.
However, the real standout leader at this point was Ethereum, which rose 42% last week, and rose 8.5% in the last 24 hours.
The total market capitalization of cryptocurrencies rose by about $47.6 billion to cross $1 trillion again, as cryptocurrencies in total have lost more than $2 trillion of their market capitalization since the beginning of the year.
The market value of Bitcoin reached 424 billion dollars, the highest since mid-June, while the market value of Ethereum rose to 187 billion dollars, the highest since last June 11.
