Cryptocurrencies continued to shine, as Bitcoin climbed past the $23,000 level in recent trading.
According to Arabiya.net, the combined market value of encrypted digital currencies jumped during the trading of the past days by 6.5%, winning about $65 billion, after its total market value rose from the level of $995 billion in transactions at the end of last week, to about $1060 billion in today’s trading. .
At the forefront of the winning digital currencies came the Bitcoin currency, and the currency recorded gains during the past hours by 1.7%, compared to a weekly increase of 9.4%, to be traded today at the level of $ 23123.
Its combined market value also rose to the level of $445.6 billion, with this number accounting for about 42.03% of the combined market value of the currencies being traded at the present time.
Ethereum, which ranked second in the list of the largest cryptocurrencies by market value, recorded gains during the past hours, by 0.2%, compared to weekly gains of 4.5%, and it is trading today at the level of $ 1637.
Its combined market value also jumped to the level of $200.38 billion.
According to these numbers, Ethereum has captured 18.9% of the total market at the moment.
While Tazer and USD, which came in the third and fifth places, settled at the level of $1, the combined market capitalization settled at $66.86 billion and $43.49 billion, with market shares of 6.3% and 4.1%, respectively.
BNB came in fourth place among the largest cryptocurrencies by market value. The currency recorded gains over the past hours by 4.6%, with weekly gains of 6.6%, to be traded today at $319.39.
Its combined market value rose to the level of $50.43 billion, accounting for about 4.75% of the total market value of the currencies being traded at the present time.
These gains come after a violent wave of losses that hit the crypto market following the announcement of the bankruptcy and collapse of the FTX platform.
With the beginning of this year, the cryptocurrency market was able to recover some of the losses it suffered during the past year, which, according to Al Arabiya.net statistics, exceeded about $1,340 billion.
The market faced difficult pressures after the US Federal Reserve adopted a strict policy of raising interest rates, which affected the crypto market a lot.
