Wall Street Bets are stealing the spotlight from major digital currencies such as Bitcoin, Ethereum, and Ripple. And achieved during the day, an increase of more than 130% and a weekly increase of 1162% to 483 dollars per currency, with a market value of 24,846,486,000 dollars.
And it comes in the second place in terms of digital currencies that rose during the day, the Maker digital currency, with an increase of more than 75%, to $ 3,016, with a market value of $ 3,003,833,258. The weekly rise exceeds 111%.
Then the Compound digital currency, which achieved a 22.41% rise during weekend trading today, Friday, and is close to a weekly increase of more than 116%, bringing the currency’s value to $ 535. The market value is $ 2,460,308,190.
As for Bitcoin, we find it rose by 1.40% during the day, although it declined over the week by about 0.34%, to trade near $ 38,160. While Ethereum rose by 6% on a daily basis and by 21.60% on a weekly basis, to $ 1,735. The Ripple currency had its share of gains this week and recorded a daily rise of 10.73% and a weekly increase of 54% to $ 0.4365.
As for Cardano’s currency, it rose by about 17.43% to $ 0.5050, with a weekly rise of more than 40%. Litecoin rose 4.16% to $ 155. Polkadot was valued at $ 20.97, up by 4.90% for the day and 20.88% for the week.
The digital currencies had witnessed a strong rise during the last three trading days, led by the currencies of the lowest market value such as Dogecoin, and the Ripple currency rose by more than twice its value at the beginning of this week with increased demand for it thanks to organized buying efforts, but it returned to decline during yesterday’s trading with The continuing dispute between Ripple and the US Securities and Exchange Commission.
The rise in cryptocurrencies during the day coincided with a slight decline in the US dollar index following the release of US employment data, which was contrasted with its negative bias due to employment recording 49,000 jobs in January, worse than expectations of adding 85,000 jobs. Wages grew by only 0.2% compared to expectations of 0.3% growth. Which was negative enough to push the USDCAD pair down with the decline in the US dollar index. On the other hand, the observed decline is limited by the improvement in the performance of unemployment rates, which decreased from 6.7% to 6.3% during the same period.