Bitcoin market value exceeds $1 trillion

 Today, Thursday, the market value of the cryptocurrency "Bitcoin" exceeded the level of one trillion dollars, supported by calm concerns about regulatory measures to prevent the United States from trading cryptocurrencies.


The price of the largest cryptocurrency in the world was trading at an increase, by 3.1% on a daily basis, to 53 thousand and 928 dollars.


The market value of the currency rose by 1.02 trillion dollars, with a total of 18.837 million units traded out of a total of 21 million units offered.


Bitcoin made a gain of 24.65 percent in the last week to Thursday, the rise was more than 28 percent earlier in the session, and it tested the $55,000 level and then fell back to current levels.

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The cryptocurrency Bitcoin rose, on Wednesday, to exceed 55 thousand dollars, and reached its highest level since mid-May.


The rises were quietly buoyed by regulatory concerns, after US Treasury Secretary Janet Yellen and Securities and Exchange Commission Chairman Gary Gensler said on Tuesday that they had no plans to impose restrictions on cryptocurrency trading.


Ethereum, the world's second largest digital currency by market capitalization after Bitcoin, rose 3.29% to $3,557, with a total market capitalization of $420 billion.


Binance Coin rose 3.49% to $442.42, while Cardano coin increased 2.3% to $2.30.


The market value of the total virtual currencies around the world rose to 2.304 trillion dollars, distributed over 12,443 virtual currencies, which are traded through 418 platforms, according to data from the CoinMarketCap website.


Bitcoin is a decentralized encrypted digital currency based on blockchain technology, and this system is characterized by the limited number of its currencies and the absence of any manager for it.

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