habitBitcoin“To go down once more, recording the level of 20 thousand dollars, compared to 25 thousand dollars during last week’s trading, and these losses come to the “crypto” market in light of the state of economic uncertainty with the exacerbation of inflation problems and the continuation of central banks led by the Federal Reserve in tightening monetary policy and raising prices Interest, days ago, warned International Monetary Fund of market problems CryptocurrencyIn particular, its association with Asian stock exchanges, and the report issued by the fund highlighted the increasing interdependence between digital currencies and stocks in the Asian region, which reflects the fund’s concerns that digital currency might stimulate financial instability.
This report from the International Monetary Fund is in line with the fund’s official position that has often sounded hostile to cryptocurrencies, including earlier this year when Argentina had to agree to “discourage” the use of digital currencies in exchange for a $45 billion loan from the IMF. International Monetary.
During the last week’s trading, the total market value of cryptocurrencies tumbled by 18%, losing regarding $213 billion, following the combined market value fell from the level of $1179 billion to regarding $966 billion in trading on the morning of Saturday, August 27.
Bitcoin is below $20,000
At the forefront of the losing cryptocurrencies came the “Bitcoin” currency, and during the past hours, it fell by 6.2 percent once morest a loss of 2.8 percent, to be traded at the level of $ 19994, and its combined market value fell to the level of $ 383.4 billion, acquiring regarding 39.51% of the The total market value of the cryptocurrencies 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 11%, compared to weekly losses of 7.8%, to be traded at the level of 1490 dollars, and its combined market value also declined to the level of $182 billion, with a market share of 18.65 percent.
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 6.93 percent.
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And 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 52.2 billion dollars, acquiring a market share of 5.36 percent.
While BNP ranked fifth among the largest cryptocurrencies by market value, the currency recorded losses during the past hours by 5.4 percent, compared to a weekly gain of 0.5 percent, to settle its price in trading at the level of $285.17. Its combined market value fell to the level of $46 billion, with this figure holding a market share of 4.72 percent.
Solana suffers violent weekly losses
The BUSD currency came in sixth place, and at a time when the price of the currency stabilized at the level of one dollar, its total market value stabilized at the level of 19.3 billion dollars, with a market share of 1.98 percent.
As for the “X Ripple” currency, which ranked seventh among the top 10 digital currencies in terms of market capitalization, it recorded losses during the past hours of 3.2 percent, compared to weekly losses of 0.2 percent, to settle its trading price at the level of $0.337. Its combined market value reached $16.6 billion, with a market share of 1.70 percent.
The “Cardano” currency, which ranked eighth among the top 10 digital currencies by market value, recorded losses during the past hours by 4.6 percent, compared to a weekly decline of 4.4 percent, to settle its price in transactions at the level of $ 0.443, and its combined market value also fell to the level of $15.17 billion, with a market share of 1.55 percent.
The “Solana” currency came in ninth place, and it recorded losses during the past hours by 7.6%, with a decline of 11% during the last week’s trading, to settle its price at the level of 32.91 dollars, and its combined market value fell to the level of 11.5 billion dollars, acquiring a market share. It is 1.18 percent.
Dogecoin ranked tenth among the top 10 digital currencies by market value, and the currency recorded losses during the past hours by 4.7 percent, compared to a weekly decline of 6 percent, to be traded today at the level of $0.0652, and its combined market value fell to The level of 8.66 billion dollars, with a market share of 0.89 percent.
