Ethereum rises 5% as prices of most digital currencies recover

The price of the digital currency (Ethereum) rose by more than 5% on spot trading on Friday on its way to the first gain in the last six days, recovering from a three-week low, as most currencies recover and recover some of their recent losses .

At 13:34 GMT, the digital currency is trading around $ 1079 with a gain of $ 54, or 5.3%, at $ 1025 opening at $ 1090 and a low of $ 995.

Ethereum lost about 0.5% on Thursday, their fifth consecutive daily loss, and earlier this week recorded a three-week low of $ 761 after a large sell-off in digital currencies.

Over the course of the week and up to the current price, Ethereum lost 21%, about to record its first weekly loss in a month, as fears in the digital currency markets escalated towards regulatory action in South Korea and China.

The digital currency rallied this week after reports that South Korea and China may prohibit the exchange of coded currencies, raising concerns about regulators launching a wider crackdown on encrypted currencies in the coming period.