The cryptocurrency Bitcoin rose, today, Tuesday, by about 4%, to rise to $ 48.7, after recording a decline over the past few weeks.
A broader measure of volatility in the popular cryptocurrency market jumped 6.6% after falling to its lowest level in a month last week.
The co-founder of CoinMena, Talal Al-Tabbaa, described in an interview yesterday with “Al-Arabiya” the most famous cryptocurrency, “Bitcoin”, as “the electronic alternative to gold, regardless of the Short volatility of cryptocurrency“.
With the decline in oil and the start of the return of the wave of closures due to the mutant Omicron of the Corona virus, the cryptocurrency may seem a safe haven for some investors who agree with the view of nature about the fact that “Bitcoin” is an alternative to gold, and it can be resorted to to save value in times of crisis.
The cryptocurrency market has witnessed sharp fluctuations this year, and currencies have succeeded in stealing the spotlight, achieving record gains, and on the other hand, currencies have helped steal investors’ money, taking advantage of some of them’ greed or their lack of awareness of the extent of the inherent risks.
The cryptocurrency icon “Bitcoin” maintained an annual gain of close to 70%. This came despite record fluctuations and price declines from the $69 thousand barrier.
The Ethereum cryptocurrency has stolen the rug from Bitcoin, with a gain of more than 450% this year.