The US economy released at 12:30 GMT, its reading for the housing starts at 1.25 million homes in June, less than expectations of 1.26 million homes, and less than the previous reading of 1.27 million, this statement is negative for the US economy.

The US economy released at 12:30 GMT, its reading for June's building permits at 1.22 million, worse than expectations of a rise by 1.30 million, and worse than the previous reading of 1.30 million, which was revised from 1.29 million, this statement is negative for the US economy.

Ethereum fell on Wednesday to continue its losses for the second day in a row, after giving up the $200 barrier for the first time in two months, amid a negative atmosphere dominating the crypto market, with growing concerns about the prohibition of cryptocurrencies trading in the United States, especially after The sharp attack by American politicians on the cryptography industry, Bitcoin and Libra.

As of 13:40 GMT, Ethereum is trading around $196.55, down by $2.15 or by 1.1%, from the opening price of $198.7, with a high of $205.74 and a low of $192.01.

Ethereum lost 13.2 percent yesterday, the third loss in the last four days, recording a two-month low of $190.41, driven by a massive sell-off wave that dominates the crypto market for the time being.

The market value of cryptocurrencies on Wednesday lost about $8 billion to $252 billion, the lowest level since June 11, as most major currencies fell in the market.

The crypto market is currently dominated by a negative atmosphere as concerns over the prohibition of cryptocurrency trading in the United States continue to rise, especially after the sharp attack by US politicians on the cryptography industry, Bitcoin and Libra.

US President Donald Trump and Treasury Secretary Steven Mnuchin launched a fierce attack on the cryptocurrencies, saying they were being used to support billions of dollars in illegal activities.

Some investors interpreted the US government's aggressive criticism on the crypto industry, as the beginning of the digital assets trading ban in the world's largest crypto market, in a blow that could completely end the future of this nascent industry.

Silver prices rose in Europe on Wednesday to continue their gains for the fourth day in a row, touching the five-month high recorded earlier in the day, due to a strong retail demand, amid a halt for dollar's rally against a basket of global currencies.

As of 12:05 GMT, silver rose more than 0.7% to $15.66 per ounce from the opening level of $15.55 and recorded a high of $15.67 and a low of $15.51.

Yesterday, silver gained 1.1%, its third daily gain in a row, and recorded a five-month high of $15.69, due to a strong retail demand and actual demand expectations in China.

Silver is currently undervalued compared to gold, so we are seeing some of the retail demand on the silver market as the movements of the white metal historically are more than gold when prices rise or fall, but this is not the case when gold prices reached in the latest period the highest level in six years.

Silver always tends to excel gold based on percentage, whether the move is rising or falling as market moves.

The dollar index fell 0.1% on Wednesday, close to the first loss in three days, shedding a week high of 97.44 points, and reflecting the halt of the greenback rise against a basket of global currencies, which currently supports the price of silver and other metals denominated In the US currency.