Source: Cairo – Khaled Hosni
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During the past hours, the “Ethereum” currency managed to catch the eye and tremble the throne of the most powerful currency in the cryptocurrency market, after recording gains that exceeded the heights recorded by “Bitcoin” by large proportions.
According to the “CoinMarketCap” website, and in early morning trading, the “Ethereum” currency rose by more than 10%, leading the gains of all crypto assets. Green dominated the Big Five, a list of the five largest currencies by market value, led by strong gains in the two currencies, “Ethereum” and “X-Ripple”.
The crypto asset market is witnessing remarkable gains in the current period, with the hopes of a gradual recovery of the global economy dominating investors and amid anticipation of a new US stimulus package worth a trillion dollars.
Early in Friday’s trading, the market value of all cryptocurrencies reached about $ 367.6 billion. This means an increase of about $ 11.1 billion during the past 24 hours, as the total market value was at the level of $ 356.58 billion at the end of Thursday’s trading.
Bitcoin rose by 2.31% to the level of $ 11745. While the total market value recorded about $ 216.8 billion, constituting 59% of the total market value of cryptocurrencies.
While the “Ethereum” currency, which is ranked second, rose by 8.7% after it had risen by 10.2% in early trade, recording $ 430.6. Its total market value was about $ 47.8 billion.
In third place came the currency “X-Ripple”, which rose by 5.37%, recording the level of $ 0.295, while its total market value reached about $ 13.2 billion.
In fourth place came the currency “Tees”, which fell by 0.59% to the level of $ 1.01, while its total market value reached about $ 10.06 billion.
And in fifth place came the “Chenlink” currency, which rose by 0.16% to $ 17.05. While the total market value was about $ 5.96 billion.
This currency had risen to fifth place in trading on Thursday after its market value exceeded its “Bitcoin Cash” counterpart, which fell to sixth place.
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