Bitcoin absorbs the shock of the Ukrainian invasion and jumps 10% in 24 hours

Cryptocurrencies were able to absorb the shock of the Russian invasion of Ukraine and recorded huge gains in the last 24 hours on the violent loss waves that affected it yesterday.

During the latest trade, the combined market value of cryptocurrencies rose 8% to about $ 127 billion, after the total market value in Thursday’s trade rose from about $ 1586.7 billion to about $ 1713.7 billion on Friday morning.

The “Bitcoin” currency came on top of the gain digital currencies, which are trading today at $ 38,432, up 10.5% from the previous hour, compared to a loss of 5.4% during last week’s trading. Its combined market value has also risen to about $ 730 billion.

Ethereum, the second-largest digital currency in terms of market capitalization, recorded a gain of 11.2% in the last few hours, compared to a 10.2% decline in last week’s trade. Its price in today’s trade is $ 2603. Its combined market value also rose to $ 312.3 billion.

Although the “Tezer” coin came in third, its price remained at $ 1, and its consolidated market value stabilized at $ 79.5 billion.

The “BNP” currency came in fourth, recording 7.5% gains in the last 24 hours, and was trading at $ 359.88 in today’s trade, down 11.3% from last week’s trade. Its combined market value also rose to $ 59.5 billion.

The USD currency ranked fourth, with its price hovering around $ 1 in the last few hours and its total market value stabilizing at $ 53.19 billion.

  • Nadia Barnett

    "Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

    Related Posts

    • Economy
    • November 2, 2024
    • 65 views
    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    The wealth management landscape is undergoing a dramatic transformation, fueled by the rise of financial technology (fintech), according to fintech entrepreneur Emils Kerimovs. No longer exclusive to the ultra-wealthy, innovative…

    UAE Powering Gaming Boom in the Middle East

    The gaming industry in the Middle East is experiencing a growth spurt, with Saudi Arabia and the United Arab Emirates (UAE) among the countries attracting major investments. However, this digital…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Best Kitchen Renovation Ideas to Upgrade Your Space