Gulf 365 Bitcoin rises to $ 44,000 with a decrease in Russian ruble

The cryptocurrency market increased last night despite the state of global economic instability.Bitcoin and Ethereum prices increased, while the prices of many other assets decreased.

According to the news published by the "Cryptobrief" website and translated by the "Beirut International Voice" website, the prices of most of the main cryptocurrencies jumped after Bitcoin recovered $ 40,000 on Monday.Meanwhile, the Russian ruble opened the week in a sharp decrease.

It seems that the encrypted currency market is escalating again.

The crazy of the purchase late on Monday helped most of the major currencies in the height, led by Bitcoin.The price of this encrypted currency has increased after it recovered $ 40,000, over a short period of $ 44,000, the price of $ 44,000.Bitcoin has since decreased to about $ 43,188.
كما هو الحال في كثير من الأحيان عند ارتفاع سعر بيتكوين، اكتسبت العديد من الأصول الأخرى زخماً صعودياً.The price of the second largest encrypted currency, Ethereum, increased more than 10 % and reached $ 2,600, but it faced resistance at a level of $ 3,000.It is currently traded at $ 2,884 and represents about 17.5 % of the market.

Although Bitcoin and Ethereum are considered pioneers in the digital currency market, their gains were overwhelmed by many other major encryption assets.Nir, Terra, and Vanum, are three networks that are sometimes described as a competition for Ethereum, which were respectively 22.3 %, 20.9 %, and 15.1 % of the market recovery.The system also showed Cosmos strength;So I gained the original Autom code 12.9 %, Juno 16 Monculatory Contracting Network jumped.4 %, as for Ozmosis, a decentralized exchange of trading symbols compatible with IBC, witnessed an altitude of 11.1 %.

After rise in the market, the market value of global encrypted currencies has become a little less than $ 2 trillion, which is still less than 33 % less than their highest level in November.Clean markets and global markets have appeared fragile in recent weeks due to the ongoing global economic concerns.The suffering of the market began after it reached its highest levels in November, then it fell after the traders froze their transactions due to fears of the Kofid-19 omecron variable.Then the Federal Reserve announced that it would raise interest rates in 2022.
ثم تعرضت الأسواق العالمية لضربة قوية عندما غزت روسيا أوكرانيا يوم الخميس.The performance of Russian stocks was especially bad, as the MEX Russia index closed by 33 % decrease.

Since then, Western countries and most countries of the world have united, including neutral countries such as Switzerland, to impose strict economic sanctions on Russia..Vladimir Putin has now been cut off from the fast payment system, 50 % of the Bank of Russia has been frozen.Since the West announced unprecedented measures during the weekend, Russia has taken emergency reserves to save its economy.The Moscow Trading Exchange was closed on Monday, and the main interest rate was raised to 20 %.As the ruble decreased by about 30 %, Russian merchants were selling bitcoin in the Localbitcoins market.com.This may also explain the reason for the high assets over the last night, which gives credibility to the saying that Bitcoin is "safe haven".