Bitcoin achieves the largest monthly rise with the decline of the dollar

Today, Friday, the encrypted digital currency Bitcoin recorded its largest monthly gain, in the context of the rise in the prices of securities to exceed the level of 20 thousand dollars per unit, as a result of the decline in the value of the dollar, which increases the demand for higher-risk assets such as digital currencies.

And the Bloomberg news agency reported that the world's largest digital currency rose today by 6.8 percent to 20,685 dollars per unit as of approximately 10:30 am London time, its highest level since August 27.

This comes at a time when Asian and European stock prices also rose at the beginning of today's trading, supported by the dollar's decline.

The Hang Seng Index of the Hong Kong Stock Exchange rose by 2.7 percent.

On the other hand, the Bloomberg dollar index of the value of the dollar fell against other major currencies by 0.9 percent, after rising earlier this week to a record level.

All of the world's 10 major currencies rose against the dollar today, with the Australian and Norwegian currencies leading the way higher.

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