Cryptocurrencies made record gains in just 5 sessions, with the top 5 cryptocurrencies skyrocketing, led by Bitcoin.
According to a statistic prepared by Al Arabiya.net, the total market value of the currencies currently being traded jumped by 16.9%, after rising from the level of $1676.9 billion in transactions. Last Thursday, it reached about $196.7 billion at the present time. These gains come after the largest wave of losses witnessed by the market over the past months.
Bitcoin was at the forefront of the winning digital currencies, and since last Thursday's trading until Monday morning, its price jumped by 18.6%, winning towards $6784, after its price jumped from the level of 36402 dollars to about 42,826 dollars.
The combined market value also jumped by 17.62%, gaining about $121.5 billion, after rising from the level of $689.5 billion to about $811 billion, acquiring about 42.8% of the total Market gains over the last 5 sessions.
The Ethereum currency, which ranked second in the list of the largest cryptocurrencies by market value, recorded a gain of 19.2%, winning about $498, after its price rose from the level of 2596 dollars to about 3,094 dollars.
The total market value also increased by 19%, gaining about $59 billion, after it jumped from the level of $310 billion to about $369 billion, to acquire this number by about 20.7%. of the total market gain.
The Teezer coin came in third place, after its price stabilized at the level of $1. However, its total market value declined by 0.03%, losing about 0.03 billion dollars, after its combined value declined from the level of 77.97 billion dollars to about 77.94 billion dollars.
While the BNP currency ranked fourth among the largest cryptocurrencies by market value, the currency recorded a gain of 18.6%, gaining towards $67.12, after its price rose from The level of $ 360.73 to about $427.85.
The combined market value also jumped by 18.3%, gaining about $10.93 billion, rising from the level of $59.69 billion to about $70.62 billion, accounting for about 11.2% of the total gains. Market.
The USD currency came in fifth place, after its price stabilized at the level of $1. Its total market value also recorded an increase of 1.04%, gaining about $0.526 billion, after it rose from the level of $50.52 billion to about $51.046 billion.