Cryptocurrency
A wave of gains hit most of the cryptocurrencies following the sharp losses that hit the market following Bitcoin plunged at the beginning of the week below the $40,000 levels for the first time in three months.
The gains of the crypto market expanded during the past hours to more than 160 billion dollars, raising the market capital from levels near 1.86 trillion dollars to reach the levels of 2.015 trillion dollars.
Despite the rises during the past 24 hours, the last hour’s trading indicates the receding of the upward wave, as most currencies recorded a decline within an hour.
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Fear exists
And regarding the risk appetite of dealers in the digital currency market, and despite the rises, the state of intense fear is still dominant, although it is recording much higher levels than what was recorded last Saturday.
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The fear and greed index recorded during those moments a reading of 22 points, while the index had fallen at 10 points, which is the lowest of last May.
Analysts believe that the opportunity is appropriate to buy in light of the large declines for those who think of buying the decline, as the decline will not last and it is likely that the prices have already reached the bottom.
Cryptocurrency to $10,000 or $100,000
market now
The Bitcoin rise during those moments less than 1%, reaching the levels of 42.5 thousand dollars, while its market value reached 773.7 billion dollars, and it declined within a week within the range of 8%.
Ethereum rose more than 3% to reach the levels of $ 3.2 thousand, while its market value jumped to $ 360 billion.
Binance Coin rose 5%, reaching levels of $ 458, and Solana increased within 2%, reaching levels of $139.
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Cardano rose in the range of 5% to reach levels of $1.2, and Ripple increased by 2% to reach levels of $0.76.
Terra Luna rose in the range of 5% to levels of $75, while polka dot increased in the range of 7%, reaching levels of $26.
Avalanche, Doge Coin and Shiba Inu rose within 5% to levels of $90, $0.152 and $0.00028, respectively.
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