Washington - (dpa) - The famous digital currency Bitcoin continues its rise, as it exceeded the level of 31 thousand dollars per unit, after its decline at the end of last week, to record the largest cryptocurrency in the world today, Monday, an increase of 5.4% to 31553 dollars.

The lesser-known digital currency, ether, rose by 5.6%, and Solana, Avalanche, and Cardano rose by 11%, with investor confidence levels improving in the cryptocurrency market.

Bloomberg news agency quoted Matte Greenspan, founder of Quantum Economics, as saying, "Bitcoin's foundations and related technical elements have improved over the past few days. Although it seems premature, most dealers envision the end of this extended decline" for cryptocurrencies.

The performance of the cryptocurrency market could improve with the release of US inflation data later this week. And if the inflation rate declines, the opportunity will improve for the US Federal Reserve (Central Bank) to ease the pace of tightening monetary policy, according to Greenspan.