Cryptocurrencies Recover.. Bitcoin Jumps 13%

After a wave of catastrophic losses, the cryptocurrency market recovered with a strong rise in Bitcoin, the strongest in the crypto market, which pushed the market to combined market gains worth $143 billion during the last hours of trading.

After expectations that Bitcoin would continue to rise to exceed $100,000 by the end of this year, and with the strong support that the crypto market received from former US President Donald Trump.

The crypto market was expected to reap more liquidity. However, during the last week, the market witnessed violent shocks and shocking losses, and yesterday’s session, Monday, witnessed Bitcoin falling to a level below $50,000.

In terms of trading, during the past hours, the combined market value of the “crypto” market jumped by 7.7% with gains of about $143 billion, after its total market value increased from $1,840 billion in yesterday’s trading, to about $1,983 billion in recent trading.