The popularity of digital currency trading, Bitcoin brought in an additional $ 57,000.

Bitcoin and other cryptocurrencies rallied on Monday after falling last week.

According to data from Coin Metrics, the value of Bitcoin was $ 57,373, up almost 6% in the past 24 hours. Other digital assets rose as well, with Ethereum up 7% to $ 4,331 and XRP up 6% to around 98 cents.

Vijay Ayyar, head of cryptocurrency exchange Luno Asia Pacific, said ahead of the news that the new Omicron Covid strain exchange was energizing the market with minor symptoms.

“In our first review, we found that the difference could lead to more symptoms,” Ayyar said in an email, encouraging a return to the industry. "So smart investors are going to have to buy this fall."

Bitcoin fell to $ 53,549 last week, its lowest level since early October, as concerns over a new strain of coronavirus led to increased sales of commodities and other dangerous assets.

The world's biggest digital equity shortage has fallen more than 20% in its recent history to nearly $ 69,000 and entered the bear market. The bear market is generally defined as a loss of 20% or more from recent highs.

First discovered in South Africa, the new Covid disease has spread to many countries, including the UK, Germany and Italy.

In response, some countries, such as the United States and the United Kingdom, have restricted travel to and from certain African countries. The UK has also taken new steps to tackle the new disease, including the need to wear masks in UK shops and public transport.

Dr Angelique Coetzee, a South African doctor who first noticed the omicron gap on Sunday, described symptoms such as "severe pain", reducing fears the shutdown would return on weekends. end. .

"As we saw last week, the global environment is skeptical of any risks to heritage, but the recovery has always been so strong. What kind of an increase. That's what we're seeing here." , Ayyar said.

He added that if Bitcoin fell between $ 48,000 and $ 50,000 per day or week, "that would mean a drop." But now, says Ayyar, "we're still in the cattle store."