Cryptocurrencies suddenly gain 65 billion

Violent fluctuations experienced by digital currencies within the past few hours, as it rose during trading today, Thursday, hours before the expected speech of the Federal Reserve Chairman.

The rise in cryptocurrency prices comes following digital currencies plunged into a violent wave of losses on the impact of Bitcoin’s sharp declines below the levels of $ 19,000, reaching its lowest level since June 19.

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Bitcoin fell during trading yesterday to levels near 18.6 thousand dollars, the lowest price for the digital currency in nearly two and a half months, when it fell to levels of 18 thousand dollars on June 19.

According to recent data, Bitcoin’s dominance of cryptocurrency market capitalization has fallen to record lows, falling below its lowest level in almost 5 years.

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Huge gains

During the past few hours, the market value of digital currencies increased by nearly 65 billion dollars, rising by more than 6%, following violent losses during trading yesterday, Wednesday, exceeding 90 billion dollars.

The market value of cryptocurrencies jumped, in conjunction with a collective wave of rises that affected most of the major digital currencies, to levels near $985 billion.

The rise in the capitalization of the cryptocurrency market came following the prices of the 200 largest digital currencies jumped with the neutralization of stable cryptocurrencies linked to the dollar, which is witnessing limited movements.

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despite the dread

The data of the Crypto Fear&Greed Index, which measures the psychology of traders in the crypto market, revealed a new dip in the sentiments of traders in the area of ​​intense fear.

The crypto market has given up being in the fear zone only gradually since mid-August when it reached its highest levels since early April when it approached the 50-point levels.

Trader sentiment sank at 20 according to the latest reading from the Crypto Fear&Greed Index, coinciding with Bitcoin dropping below $19,000 levels.

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Bitcoin Now

Bitcoin, the largest digital currency, rose during these moments of trading today, Thursday, in the range of 4%, to the highest levels of 19 thousand dollars, while declining by 3% within a week, bringing its market value to levels below 370 billion dollars.

Bitcoin fell within a month by 17%, fell by 9% in sixty days, by 35% in ninety days, and recorded a decline of 59% since the beginning of the year.

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Ethereum now

Ethereum, the largest altcoin, which is awaiting the upgrade of the Merge in mid-September, rose during these moments of trading today, Thursday, by 8% to levels of $ 1630.

Ethereum managed to erase its weekly losses and is now rising around 4.5% while still declining 5% in a month, yet it is up 40% in 60 days while declining 57% since the beginning of the year.

The market value of Ethereum, which many currency traders bet on, rose to the highest levels of $ 200 billion following the decline, to exceed 54% of the market value of Bitcoin.

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Altcoins now

Binance Coin BNB/USD rose 6% to levels of $ 279, while Ripple rose 3% to levels of $ 32, and Cardano increased 2% to levels of $ 0.47 during these moments of trading today, Thursday.

While Solana increased by 6% to levels of $333, and Polka Dot rose by 4% to levels of $7.25, while Dogecoin increased by 3% to levels of $0.0607.

Polygon MATIC/USD rose 4% to $0.83 levels, while the Shiba Inu rose 2% to 0.00001223 and Trax rose by the same, while the Avalanche rose 3%.

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The article does not express a recommendation or nomination, but merely a monitoring of market fluctuations, as trading in digital currencies involves high risks, including the risk of losing some or all of the investment amount, knowing that it is not completely subject to financial authorities and markets.

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