The market is back to shine again

Bitcoin returned again to the price of 39 thousand dollars, after it suffered a violent decline in the past days, which made it reach about 35 thousand dollars, and with it most other cryptocurrencies fell in a violent event that made the market cap reach about one trillion and 500 billion dollars.

Now, the market cap has risen to about one trillion and 700 billion dollars, an increase of about two billion dollars. Therefore, this rise is considered very good for the current conditions.

Because of the current crisis and the current conflict between Ukraine and Russia, most of the cryptocurrencies fell significantly, but contrary to the course of events, the rebound in European markets and the rise in the prices of most commodities and metals caused a significant rise in most markets.

For the first time, I see that the cryptocurrency market is also closely related to other markets, as the rise in the markets led to the rise of cryptocurrencies again to better levels than they were before that crisis.

As I mentioned, the price of Bitcoin reached 39 thousand dollars, and the price of Ethereum rose to 2700 dollars, and the rise of most currencies ranged from 1 to 6%, but there are some currencies that broke the rule and rose incredibly, such as Luna, which rose this week to 53%.

The same is true for the ANC currency, although it does not have much of the public, but it rose to reach a weekly rise of about 76% at a price of $3.82.

Focus on Hive

Of course, the first thing we do when we open Coinmarketcap, after looking at the market conditions, as I mentioned to you, is looking for the Hive coin to see where it has gone.

The hive was affected by the good momentum that occurred in the market and rose sharply from 80 cents levels to come close again to $1 before falling again partially to $0.92.

We hope that the global market and the crypto market will separate from this conflict, which seems to continue for a long time, so we may have to adapt to the situation.