Cryptocurrencies are rebounding … making $ 192 billion in 48 hours

The “Bitcoin”-led cryptocurrency continued its huge gains that came after a severe bleeding wave against the backdrop of restrictions announced by China through measures announced by the People’s Bank of China, which has decided to crack down on the illegal activities of trading of cryptocurrencies and banned exchanges overseas from providing services online for continental investors.

In terms of trading, in the past 48 hours, the total market value of digital currencies increased by 8.6%, winning about $ 192.5 billion, after the combined market value jumped from the $ 1939.5 billion level to the level of $ 2132 billion in trading of today.

As for “Bitcoin”, it has recorded gains in the last 48 hours of 8.6%, with an increase during last week’s trading of 13.4%. Where its price has jumped from the $ 44110 level to around $ 47,920 in today’s trading, with a profit of around $ 3,810.

Combined market value also increased 8.8%, winning around $ 73.6 billion, after the currency’s total value jumped from $ 828.6 billion to around $ 902.2 billion. current. With this figure, “Bitcoin” accounts for around 38.2 percent of the market’s total earnings.

And the currency “Ethereum”, which ranked second on the list of the largest cryptocurrencies by market value, recorded gains in the last few hours of 3.8%, compared with a weekly gain of 19.3%, to be traded today. at $ 3,399. Its total market value also rose to the $ 400.6 billion level.

While the “Cardano” currency was ranked third among the largest cryptocurrencies by market value, the currency posted gains during last week’s trading of 0.5%, compared with a 2.6% increase in the past few hours. to adjust the price of the currency to the $ 2.26 level. It also recorded an overall market value of approximately $ 72.4 billion.

The “Binance Coin” currency, which ranked fourth among the prime 10 digital currencies by market value, it posted gains during the trading last week of 25.5%, compared with an increase of 3.9% in the last hours, to stabilize its price in the trading today at the $ 429 level. Its combined market value also rose to $ 72.28 billion.

The “Tezer” currency came in fifth place, after the price of the currency stabilized at the $ 1 level. It also recorded an overall market value of approximately $ 68.04 billion.

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