Cryptocurrency trading platforms returned to the red color, led by “Bitcoin”, which recorded losses of more than 5% in the last 24 hours of trading, following only 24 hours of climbing.
Cryptocurrencies have been suffering since the Federal Reserve announced an increase in the interest rate on the dollar, which prompted many investors to withdraw their money from “Bitcoin” and pump it into the dollar to take advantage of the high interest rate, especially amid expectations of continued market losses..
In terms of trading and during the past 24 hours, the combined market value of cryptocurrencies decreased by 4.6%, causing the market to lose regarding $59 billion, following the total market value declined from the level of $1280.2 billion in trading yesterday, Monday, to regarding $1221.2 billion in trading yesterday morning. Tuesday.
At the top of the losing digital currencies, “Bitcoin” came, as it recorded during the past hours a decline of 5.7%, compared to weekly losses of 6.2%, to be traded in today’s trading at the level of $29,629..
Its combined market value also fell to the level of 564.4 billion dollars.
The “Ethereum” currency, which ranked second in the list of the largest cryptocurrencies by market value, recorded losses during the past hours by 7%, compared to a weekly decline of 10.2%, to be traded in today’s trading at the level of 1767 dollars..
Its combined market value fell to $214.1 billion.
While the “Tezer” coin, which came in the third place among the largest digital currencies in terms of market value, stabilized at the level of one dollar, the combined market value stabilized at the level of 72.37 billion dollars..
The “USD” currency, which came in fifth, also stabilized at the level of $ 1, while its total market value stabilized at the level of $ 53.7 billion..
While the “BNP” currency ranked fifth among the largest cryptocurrencies by market value, the currency recorded losses during the past hours by 8.4%, compared to a weekly decline of 11%, to settle its price in today’s trading at the level of 284.12 dollars..
And its combined market value fell to the level of 46.4 billion dollars.