Cryptocurrencies rise; bitcoin trades above $71,000

Bitcoin, the world’s largest cryptocurrency by market value, rose 0.7% to $71,151

Cryptocurrencies rose in Tuesday trading, with bitcoin holding above the $71,000 level as investors assessed the impact of the Middle East conflict on oil and global markets.

 

Bitcoin, the world’s largest cryptocurrency by market value, rose 0.7% to $71,151 as of 11:04 a.m. Makkah time.

 

Ether gained 0.21% to $2,164.64, while XRP fell 0.67% to $1.428.

 

Since the outbreak of the conflict in late February, cryptocurrencies have seen sharp volatility, with bitcoin briefly climbing to nearly $76,000 before pulling back as regional tensions escalated.

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