Market value of digital currencies exceeds $ 2.3 trillion

Cryptocurrencies continued to gain, with the total market value surpassing the $ 2.3 trillion level, supported by large gains made by the majority of currencies led by “Bitcoin”.

Cryptocurrencies were hit hard by China late last week, causing shocking losses. China’s central bank has pledged to crack down on illegal cryptocurrency trading activities and has banned foreign exchanges from providing online services to mainland investors.

The People’s Bank of China, which has ruled all cryptocurrency-related transactions illegal, said it would ban financial institutions, payment companies and internet companies from facilitating cryptocurrency trading and tighten oversight of cryptocurrencies. risks arising from these activities.

In terms of trading, over the past 72 hours, the total market value of digital currencies rose 1.2%, gaining around $ 27.9 billion, after the combined market value rose from the 2,288 level. , $ 3 billion to the level of $ 2,316.2 billion in today’s trade.

As for “Bitcoin”, it recorded a weekly gain of 15%, with an increase of 0.4% in the last 72 hours, to trade today at the level of $ 54,910 in trading. Its combined market value also hit around $ 1,034.1 billion.

The currency “Ethereum”, which ranked second in the list of largest cryptocurrencies by market value, recorded a weekly gain of 10%, compared to a gain of 0.3% in the last few hours, to be traded in today’s trade at the level of $ 3,606. Its combined market value also jumped to around $ 424.99 billion.

While the ‘Cardano’ currency ranked third among the largest cryptocurrencies in terms of market value, the currency posted gains of 2.2% during trading last week, down from a decline of 1.00%. 04% in the last few hours, to adjust the currency price to the level of $ 2.27. It also recorded a total market value of around $ 72.6 billion.

Currency “Binance Coin”, which ranked fourth among the top 10 digital currencies in terms of market value, posted gains of 1.02% during trading last week, down from a decline of 3.3 % in the last few hours, to settle its price in today’s trading. at the level of 423 dollars. Its combined market value also increased to $ 71.1 billion.

The currency “Tezer” came in fifth place, after the price of the currency stabilized at the $ 1 level. It also recorded a total market value of around $ 68.4 billion.