The prices of most cryptocurrencies declined during trading today, Monday, April 25, 2022, while Polkadot topped the declines today.
After the Bitcoin profit came back again to approach the level of 40 thousand dollars, the most famous digital currency lost more than 3% of its value, while Polkadot recorded one of the largest losses in trading today, Monday, after losing about 9% of its value.
mass landing
The market value of cryptocurrencies fell during Monday’s trading, to reach $1.76 trillion, with a volume of traded during the last 24 hours, which recorded about $74.1 billion.
The drop comes as 46 European companies and institutions in the crypto space have asked the finance ministers of 27 European countries to ease some regulatory requirements for the cryptocurrency industry.
For example, companies have requested that decentralized finance projects (the limiter) be excluded from the requirements to register as legal entities.
Forty-six European crypto companies and institutions have sent a letter to 27 EU finance ministers regarding disclosure requirements for crypto transactions, Archyde.com reported this week.
In the letter dated April 13, companies and organizations asked EU policy makers to ensure that their regulations do not go beyond existing rules that are in line with standards set by the Financial Action Task Force (FATF).
It is reported that the European Parliament voted last month to push the MICA bill without the text that would have effectively banned Proof of Work cryptocurrencies.
The European Union introduced MICA to regulate all crypto issuers and service providers in the region.
Bitcoin price today
Today, Monday, April 25, 2022, the price of Bitcoin, the largest and most famous digital currency in the world, decreased by 3.19% to reach $ 38,490.
The market capitalization of the world’s most popular cryptocurrency has fallen to the level of $732.89 billion.
The highest level reached by the price of Bitcoin was on the 10th of last November, when it recorded 68 thousand and 992 dollars.
Cryptocurrency rates today
The price of the Ethereum coin (ETH) lost about 4.75% of its value, recording $2,812.19.
The price of Binance coin BNB decreased by 4.92% to reach $385.09.
XRP fell 7.86% to $0.65475.
The Cardano coin price lost 6.97% to record $0.8344.
The price of Polkadot fell by 8.93% to reach $17.23.
The price of Dogecoin DOGE/USD decreased by 7.78%, to reach $0.123882 levels.