Bitcoin Leads Cryptocurrency Mass Rise

Major digital currencies jumped, today, Monday, led by Bitcoin, to exceed $ 30,000, according to the crypto market trading.

The market value of cryptocurrencies rose to $ 1.30 trillion, amid a jump in cash flows during the last 24 hours, which recorded about $ 67.87 billion.

The price of the Bitcoin currency is fluctuating between ups and downs in light of the US interest rate hike, geopolitical tensions in Eastern Europe, the closure of China due to the epidemic, and government pressures on cryptocurrency mining from governments such as China, India, Turkey and America.

Bitcoin and its big siblings failed to embrace inflation as expected, and with the US GDP declining by 1.4% in the first quarter of 2022, and the Federal Reserve (the US central) raising interest rates twice in a row, investors turned away from cryptocurrencies High-risk, and preferred to invest in dollars and debt instruments with high interest, even hedgers in gold sold their bullion to buy dollars, and the same for shareholders.

Bitcoin price today

The price of Bitcoin (BTC), the largest and most famous digital currency in the world, jumped today by 3.52% to reach $ 30,461.1.

The world’s most popular cryptocurrency has a market capitalization of $580.46 billion.

The highest level reached by the price of Bitcoin was on the 10th of last November, when it recorded 68 thousand and 992 dollars.

Cryptocurrency rates today

The price of the Ethereum coin (ETH) increased by 4.68%, recording $2,069.43.

The price of Binance coin BNB increased by 4.41% to reach $328.60.

The price of the XRP currency rose by 2.62% to $ 0.42460.

The Cardano coin rose by 3.17% to $0.5511.

The price of Polkadot increased by 2.88% to reach $10,370.

Dogecoin price DOGE/USD jumped by 3.92% to reach $0.087878 levels.

Cryptocurrencies are considered as a non-cash digital payment method, which is managed and traded in a decentralized online payment system that is highly protected away from the control and control of banks.

According to the statistics of the cryptocurrency exchange Crypto.com, there were approximately 300 million people who owned cryptocurrency by the end of 2021.