Cryptocurrencies continued their gains, jumping their total market value, approaching the level of 2.5 trillion dollars, supported by the significant gains made by the majority of currencies led by “Bitcoin”.
In terms of trading, during the last week’s trading, the total market value of digital currencies increased by 8%, gaining about $183.4 billion, after the combined market value rose from the level of $2316.2 billion in trading at the beginning of last week to the level of $2499.6 billion in today’s trading.
As for “Bitcoin”, it recorded a weekly gain of 12.6%, winning about $6,910, after its price rose from $54,910 to about $61,820 in today’s trading.
Its combined market value also jumped by 12.7%, winning about 131.4 billion, after its total market value jumped from the level of 1034.1 billion dollars to about 1165.5 billion dollars, so that “Bitcoin” acquired about 71.6% of the total market gains during this week’s trading.
Ethereum, which ranked second in the list of the largest cryptocurrencies by market capitalization, Weekly gains of 6.6%, profiting about $239, And that after its price rose from the level of 3606 dollars to the level of 3845 dollars.
Its combined market value also jumped by 6.8%, winning about $28.9 billion, after it jumped from the level of $424.9 billion to about $453.8 billion, acquiring about 15.7 percent of the total market gains during this week’s trading.
While the “Binance Coin” currency ranked third among the largest cryptocurrencies by market value, the currency recorded gains during the last week’s trading by 12.8%, with gains during the past hours by 2.7%, to be trading today at the level of 477 dollars. Its combined market value also rose to the level of $80.46 billion.
The “Cardano” currency, which ranked fourth among the top 10 digital currencies by market value, recorded losses during the last week’s trading, amounting to 2.2%, compared to an increase of 0.8% during the past hours, to be traded today at the level of $2.21. Its combined market value also rose to the level of $72.78 billion.
The “Tezer” currency came in fifth place, after the price of the currency settled at the level of $1. It also recorded a total market value of about 68.54 billion dollars.