Today, Monday, the prices of major currencies such as Bitcoin, Ethereum and Binance Coin fell, while the Cardano coin continued its strong gains.
By 7:00 GMT, the market value of cryptocurrencies fell by 0.87% to $2.05 trillion, and the number of digital currencies in the market reached 10002 coins.
The Cardano coin continued its strong gains, which exceeded 10% at the beginning of trading today, becoming the most cryptocurrency that rose ever during the last 7 trading days, approaching 30% gains.
At the same time, Bitcoin, the most popular digital currency, “Bitcoin”, lost support to whales through intense purchases that stopped several days ago, but rose at the beginning of today’s trading by regarding 0.34%.
The people who own large amounts of “Bitcoin” are called whales, and they are a major concern for investors, as they are able to cause the price of this currency to fall by selling them only a part of what they own.
It is worth noting that Gary Gensler, the head of the US Securities and Exchange Commission, had previously called on Congress to provide the commission with more powers to monitor cryptocurrency trading, lending, and trading platforms.
According to a recent report, 73% of institutional investors and wealth managers believe that granting the SEC these powers will have a positive impact on the price of crypto and digital assets, while 32% believe it will have a very positive impact.
Cryptocurrency rates today
The price of the digital currency Bitcoin BTC decreased by 0.96% to reach $42773.08.
The price of Ethereum ETH lost 1.70% to $3,277.15.
The price of the Binance coin BNB decreased by 2.08% to reach $485.06.
The price of the cardano ADA coin jumped by 10.61% to record 1.52 dollars.
XRP fell 2.13% to $0.7657.
While the price of the Polkadot DOT coin fell by 4.83% to $26.76.
DOGE (Dogecoin) lost 6.23% to $0.1711.
The price of Litecoin (LTC) rose 1.38% to reach $148.60.
Chainlink LINK price fell 1.37% to $25.07.
