Cryptocurrencies rise, Bitcoin trades near $74,000

Bitcoin 

Cryptocurrencies rose today, March 16, with Bitcoin jumping more than 3%, amid heightened uncertainty surrounding the conflict in the Middle East.

 

Bitcoin increased 3.18% to $73,849 as of 10:06 a.m. Makkah time.

 

Meanwhile, Ethereum — the second-largest cryptocurrency by market value — rose 7.35% to $2,266, while XRP gained 4.55% to $1,483.

 

During the current conflict that erupted at the end of February, Bitcoin has shown stronger resilience than many traditional assets. Since the beginning of March, the cryptocurrency has risen 12.5%, while gold prices have declined by nearly 4.9%

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