After recording its highest level in two months during the past days, American warnings caused a wave of sharp and violent losses in the market Cryptocurrency Led by Bitcoin, which fell from $25,000 to $21,000 in the last 24 hours of trading.
was the bank Central American Banks have warned of the risks associated with getting involved in the crypto-asset sector. The Federal Reserve said that while the emerging sector “offers potential opportunities” for banks, their clients, and the financial system as a whole, “activities related to crypto assets may also pose risks related to safety, consumer protection, and financial stability.”
The bank stated, in a supervisory letter, that it is “closely monitoring” developments in the sector “in view of the increased and new risks posed by them.” Crypto assets“.
He pointed out that banks wishing to engage in the crypto-asset sector should inform the Federal Reserve of such plans early, and banking institutions should also ensure that such activities are legal before engaging in them.
In terms of trading, and during the past 24 hours, the total market value of cryptocurrencies fell by 13.4 percent, losing regarding $ 158 billion, following the combined market value fell from the level of $ 1179 billion to regarding $ 1021 billion in transactions on the morning of Saturday, August 20 (Father).
Bitcoin drops to $21,000
At the forefront of the losing digital currencies came the “Bitcoin” currency, and during the past hours, it fell by 2.4 percent, compared to losses of 13.7 percent, to be trading today at the level of $21,212.
Its combined market value also fell to the level of $405.9 billion, accounting for regarding 39.75% of the total market value of digital currencies, which are currently being traded.
The “Ethereum” currency, which ranked second in the list of the largest cryptocurrencies by market value, recorded a decline during the past hours by 5.9 percent, compared to a weekly loss of 3.18 percent, to be traded, on Saturday, at the level of 1636 dollars. Its combined market value also fell to the level of 199.6 billion dollars, acquiring a market share of 19.54 percent.
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The “Tezer” currency came in third place, following its price stabilized at the level of one dollar, and its total market value recorded a level of 67.5 dollars, with a market share of 6.61 percent.
The “USD” currency came in fourth place, following its price stabilized at the level of one dollar, and its total market value stabilized at the level of 52.4 billion dollars, acquiring a market share of 5.13 percent.
While the BNP currency ranked fifth among the largest cryptocurrencies by market value, recording gains during the past hours by 1.3 percent, compared to weekly losses of 12.7 percent, to settle its price on Saturday at 287.45 dollars.
Its combined market value stabilized at $46.3 billion, with a market share of 4.53%.
Violent weekly losses chasing “Solana”
The currency “BUSD” came in sixth place, and its price stabilized at the level of one dollar, and its total market value stabilized at the level of 18.8 billion dollars, with a market share of 1.84%.
As for the “X Ripple” currency, which ranked seventh among the top 10 digital currencies in terms of market value, it recorded gains during the past hours of 0.05 percent, compared to weekly losses of 10.7 percent, to settle its price in Saturday’s trading at the level of $0.340.
Its combined market value also fell to the level of $16.8 billion, with a market share of 1.64%.
The “Cardano” currency, which ranked eighth among the top 10 digital currencies by market value, recorded losses during the past hours by 2.3 percent, compared to a weekly decline of 18 percent, to settle its price on Saturday at the level of 0.458 dollars.
Its combined market value also fell to the level of 15.5 billion dollars, acquiring a market share of 1.51 percent.
The “Solana” currency came in the ninth place, and recorded gains during the past hours by 1.5 percent, with a decline of 22.6 percent during the last week’s trading, to settle its price at the level of 36.68 dollars.
Its combined market value also fell to the level of $12.8 billion, acquiring a market share of 1.25 percent.
Dogecoin ranked tenth among the top 10 digital currencies by market value, and recorded gains during the past hours by 0.9 percent, compared to a weekly decline of 4 percent, to be traded on Saturday at the level of $0.0702. Its combined market value also fell to the level of $9.3 billion, taking a market share of 0.91 percent.
