2023-08-18 16:54:21
Digital currencies
The digital currency Bitcoin, which is the largest digital currency in the world, fell by about 7% during the past 24 hours, and by about 12% over the past week, to settle near its lowest level in 3 months, along with various other large digital currencies that witnessed similar declines. It may be greater than that.
During trading, Bitcoin fell by approximately 7%, recording about $25,974.29, with a daily trading volume of $32,321,144,367. Thus, its capital value reaches $505,488,389,094, and Bitcoin ranks first among the most popular digital currencies in terms of market value.
Analyzes indicate that the digital currency market, especially Bitcoin, is mainly due to reports that SpaceX, one of the leading companies owned by the famous billionaire Elon Musk, has sold more than $300 million in digital currencies, although the reports have not been confirmed. The sale date, but it certainly contributed to the significant drop in the prices of various digital currencies.
Likewise, the bitcoin currency was damaged during this week’s trading due to the strengthening of market expectations regarding the US Federal Reserve raising interest rates again, after the results of the Federal Reserve meeting showed the members’ continued concerns about high inflation, and their emphasis on the need for continued monetary tightening to curb inflation, which strengthened the dollar’s strength. , and weaker demand for digital currencies.
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