Digital currencies launched during trading today, Monday, in a wave of collective strong rises, led by Bitcoin, which strengthened its survival above $17,000 levels.
The market value of digital currencies increased during Monday’s trading by more than $40 billion, reaching levels above $870 billion, up from levels below $830 billion during Sunday’s trading.
The rise of the crypto market coincided with the rise of all the major billion currencies, led by Bitcoin, which jumped to levels near $17.37 thousand during Monday’s trading, an increase of about 2%.
While Ethereum rose 3%, Binance increased 1.6%, Ripple rose 1%, and Caradano, Polka Dot, Litecoin, Chiba Ino and Dogecoin rose by between 2% and 5%.
According to analysts, the price of bitcoin may soon rise to $18,000, as the price of bitcoin rose at a new rapid pace above $17,000.
They added, Bitcoin has started a fresh increase above the $17,000 and $17,200 resistance levels, and it may climb higher towards the $18,000 resistance area.