After a long series of losses, digital currencies consolidated their gains, as Bitcoin breached the $21,000 level during trading, today, Monday, while the runner-up Ethereum recorded record gains.
According to Arab Net, Bloomberg Agency revealed, in a recent report, that the Bitcoin currency, which is the most powerful and widespread in the cryptocurrency market, has fallen by about 58% since the beginning of the year, which is the largest quarterly decline since the third quarter of 2011, when Bitcoin was just A new baby.
Despite the new gains, most Wall Street investors believe that Bitcoin is poised to crash further from current levels to as much as $10,000.
Cryptocurrencies are a non-cash digital payment method, which is managed and traded in a decentralized online payment system that is highly protected away from the control and control of banks.
In terms of trading, and in the last hours, the combined market value of cryptocurrencies jumped by 13.6%, to win the market about 119 billion dollars, after the total market value rose from the level of 873 billion dollars, to about 992 billion dollars in trading on Monday morning.
At the top of the gaining digital currencies came Bitcoin, as it recorded during the past hours, an increase of 2%, compared to a weekly gain of 5.7%, to be traded in today's trading, at the level of 21,733 dollars.
It also increased its combined market value to the level of 412.8 billion dollars, to acquire a market share of 41.61% of the total market.
The Ethereum currency, which ranked second in the list of the largest cryptocurrencies by market value, recorded gains during the past hours by 6%, compared to a weekly increase of 24.7% to be traded in today's trading, at the level of 1435 dollars.
Its combined market value jumped to the level of $174.3 billion, acquiring a market share of 17.57%.
While the Teezer coin, which came in the third place among the largest digital currencies in terms of market capitalization, stabilized at the level of $1, the combined market value stabilized at the level of $65.88 billion, with a market share of 6.64%.
Also, the USD currency, which came in fifth place, stabilized at the level of $1, while its total market value stabilized at the level of $54.8 billion, gaining a market share of 5.52%.
The BNP currency ranked fifth among the largest cryptocurrencies by market value, while the currency recorded gains during the past hours by 2%, compared to a weekly increase of 11.4% to settle its price in today's trading at the level of $258.12.
Its combined market value rose to $42.07 billion, with a market share of 4.24%.
