London, (Business News Report)|| Cryptocurrencies continue their upward trend, with gains on Monday morning led by Bitcoin and Ethereum.
Cryptocurrencies compensated part of the losses that it suffered during the last period.
Bitcoin achieved the largest gain in three months, after a dramatic decline for the most famous currency.
The rest of the currencies also gained, after the strong profits of the American e-commerce giant Amazon boosted confidence in technology stocks, and this supported digital currencies.
The market value of cryptocurrencies increased during Monday’s trading by 3.2 percent to reach $1.96 trillion.
In just five sessions, currencies recorded record gains, supported by the rocket rise of the five largest currencies led by Bitcoin.
Statistics indicate that the total market value of the cryptocurrencies that are being traded at the present time, jumped by 16.9 percent, after rising from the level of $1,676.9 billion in trading last Thursday, to about $190.7 billion.
These gains come after the largest wave of losses witnessed by the market during the past months.
The forefront of the gaining digital currencies came Bitcoin. Since last Thursday’s trading until Monday morning, its price jumped by 18.6 percent, winning towards $6784, after its price jumped from the level of $36,402 to about $42,826.
Cryptocurrencies’ prices
- Bitcoin rose by 2.8 percent to reach $42,694.
- Ethereum rose 2.91 percent to reach $3,081.9.
- Binance coin rebounded by 3.26 percent to reach $428.08.
- Cardano coin rose by 3.85 percent to record $1.17
- XRP coin jumped by 11.41 percent to $0.743.
- Polkadot coin increased by 4.25 percent to $22.36.
- Dogecoin rebounded 7.19 percent to $0.157.
- Litecoin jumped by 4.91 percent to reach $128.2.
- Chainlink coin rose 5.08 percent to $18.8.
