Cryptocurrencies surge, Bitcoin trading above $67,000

Cryptocurrencies 

Cryptocurrencies rose on Monday as investors continued to monitor the fallout from the ongoing war in the Middle East and growing concerns about stagflation in the global economy.

 

Bitcoin climbed 1.67% to $67,390 at 10:50 AM Makkah time, amid the volatility the cryptocurrency has faced after nearing $71,000 last week.

 

Ethereum also rose during the day's trading by approximately 2.94% to $2,053.51, while Ripple gained 2.38% to $1.3547.

 

Bitcoin, the world's largest cryptocurrency by market capitalization, is on track to record gains of more than 2% this March, following two consecutive monthly losses.

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