The "digital" currency rose by more than 3% on spot trading on Friday to continue its gains for the fourth day in a row, reaching the highest level in a week, nearing its peak in 2019 as the market continues to dominate the largest digital currency deal in the world. More news is emerging that will enhance the positive atmosphere around the cryptographic industry.
On the BST, by 0740 GMT, the typical digital currency is trading around $ 5,570, up $ 185, or 3.4%, at $ 5,385, the highest at $ 5,580 a week and the lowest at $ 5,363.
Al-Bettaween gained 1.2% on Thursday, its third consecutive daily gain, as demand for investment in the world's largest currency continued to accelerate.
The market value of digital currencies on Friday rose by more than $ 3.5 billion to a total of $ 181.5 billion, with most of the major currency prices climbing in the market.
The dominance of digitalization in the digital market on Friday jumped to 55.1%, the highest level since September 2018, up from 50% in early April, in a strong sign that price recovery is on track.
Alttkwen increased by 29% over the past April, the third monthly gain in a row, the largest monthly gain since April 2018, and prices recorded the highest level in 2019 at $ 5,627 per unit composition.
These strong monthly gains helped to improve the level of investment demand and entry into a bullish market, and in the positive atmosphere that dominated the encryption industry in the recent period.
Tom Lee, a co-founder of Vendestrat Investment and Wall Street analyst who supported the cryptographic industry, said in an interview with CNBC this week that he believes the uptake is in a rising market and is likely to hit a new record high in 2020.
Tom's opinion was based on some signs of the end of the falling market, including increased volumes thanks to investors in Turkey and Venezuela, as well as trading above the 200-day moving average, as well as an increase in OTC customers.
A new report in the industry newsletter Deyaar for the encryption industry that online transactions on the Nettkin network reached new record levels in April not seen since 2017.
According to another report by research firm Gartner, at least 20% of the top 10 retail stores in the world will use pluchen technology by 2025, a sign of the huge growth of this nascent technology in just a few years.
The recent recovery in the prices of the major currencies and digital currencies is pointing to the end of the falling market, as executives of traditional financial institutions are increasingly joining the coding industry, even major finance companies are looking for ways to introduce and improve encryption services for institutional investors.
This week, E-Trade, the giant financial intermediary, announced the introduction of digital currency trading services on the company platform and will allow the trading of petrochemicals and ethrium for 4.9 million brokerage accounts announced by the company on December 31.
LONDON: The London Stock Exchange (LSE) chief executive said on Thursday he was confident the bloc's technology could be implemented in securities and settlement.
In South Korea, the National Financial Supervisory Authority has allowed nine high-tech companies, including blue-chip companies, to operate in the country as part of the regulatory fund.