Cryptocurrencies are reeling with a massive hemorrhage that knocked out half of their value
Thursday 12 May 2022 13:43
The combined market capitalization of cryptocurrencies decreased by 60.3 percent (AB)
[rtl]The mass massacre facing the digital currency market continues , as total losses since the highest peak recorded by cryptocurrencies on the ninth of last November have jumped to more than $ 1.8 trillion.[/rtl]
[rtl]The recent moves of the US Central Bank to raise interest rates to contain high inflation, in addition to the start of the repercussions of Western sanctions imposed on Russia in most markets, caused the digital currency market to record the worst performance this year.[/rtl]
[rtl]A few days ago, the US Central Bank decided to raise the interest rate by about 50 basis points, in the event that investors panicked at the short-term level, which strengthened the control of the red color on the cryptocurrency trading platforms during the recent sessions.[/rtl]
[rtl]Pressures on Bitcoin and cryptocurrencies increased after the release of inflation data in the United States, which showed that the consumer price index rose by 8.3 percent during the month of April, while analysts' expectations indicated a rise to 8.1 percent.[/rtl]
[rtl]Bitcoin drops to 27 thousand dollars[/rtl]
[rtl]In terms of trading, and since the highest peak recorded by the market last November, the combined market value of cryptocurrencies decreased by 60.3 percent, losing about 1808.1 billion dollars, after their total market value declined from the level of three trillion dollars to about 1191.9 billion dollars in trading Thursday morning. .[/rtl]
[rtl]At the top of the losing digital currencies came "Bitcoin", as the most powerful and widespread currency fell by 59 percent, losing about 40,201 dollars, and fell from the level of 68,093 dollars to about 27,892 dollars.[/rtl]
[rtl]Its total market value also declined by 58.5%, losing about $750.4 billion, after it fell from the level of $1282.8 billion last November to the level of $532.4 billion at the present time, accounting for about 44.66% of the total market share of the cryptocurrencies being traded. At the present time, it accounted for about 41.5 percent of the total market losses.[/rtl]
[rtl]The "Ethereum" currency, which ranked second in the list of the largest cryptocurrencies by market value, recorded losses of 60%, losing about $2,842 after its price dropped from $4,732 last November to about $1,890 at the present time.[/rtl]
[rtl]The total market value of "Ethereum" also decreased by 61.7 percent, losing about $370.3 billion, after it fell from the level of $599.9 billion to the level of $229.6 billion, to control about 19.26 percent of the total market, and also acquired 20.48 percent of the total losses. market.[/rtl]
[rtl]The "Tezer" currency came in third place after its price stabilized at the level of one dollar, and its total market value recorded a level of 81.12 billion dollars, acquiring a total market share of 6.80 percent.[/rtl]
[rtl]And the "USD" currency came in fourth place after its price stabilized at the level of one dollar, and its total market value stabilized at the level of 49.06 billion dollars, acquiring a market share of 4.11 percent.[/rtl]
[rtl]While the “BNP” currency ranked fifth among the largest cryptocurrencies by market value, it recorded losses during the past hours by 17.6 percent, compared to weekly losses of 38 percent, to settle its price in today’s trading at the level of 247.73 dollars.[/rtl]
[rtl]Its combined market value also fell to the level of $40.4 billion, with this figure taking a market share of 3.38 percent of the total combined value of the currencies that are currently being traded.[/rtl]
[rtl]read more[/rtl]
[rtl]Solana loses more than half its value[/rtl]
[rtl]The "X Ripple" currency, which ranked sixth, recorded losses during the last week's trading, amounting to 41.7%, compared to a 25% decline during the past hours, to settle its price in today's trading at the level of $0.376, and its combined market value fell to the level of 18.3 $1 billion, with a market share of 1.53 percent.[/rtl]
[rtl]As for the "BUSD" currency, which ranked seventh, it recorded gains during the last week's trading, amounting to 1.4 percent, compared to an increase during the past hours by 1.3 percent, to settle its price in today's trading at the level of $1.01, and its combined market value fell to The level of 16.98 billion dollars, with a market share of 1.42%.[/rtl]
[rtl]The "Cardano" currency came in eighth place, and recorded losses during the last week's trading by 48.5 percent, with a decline of 25.5 percent during the past hours, to settle its price in today's trading at the level of $0.451, and its combined market value fell to the level of $15.6 billion, To acquire a market share of 1.30 percent.[/rtl]
[rtl]The "Solana" currency came in ninth place, and the currency recorded losses during the past hours by 29.2 percent, compared to weekly losses of 52.5 percent, to be traded today at the level of 44.10 dollars.[/rtl]
[rtl]Its combined market value also fell to the level of $15.2 billion, acquiring a total market share of 1.27 percent.[/rtl]
[rtl]Dogecoin ranked tenth among the top 10 digital currencies in terms of market value, and the currency recorded losses during the past hours by 25.3%, compared to a weekly decline of 42.3 percent, to be traded today at the level of $0.0774, and its combined market value fell to The level of 10.2 billion dollars, with a market share of 0.85 percent.[/rtl]
"Solana" loses half its value and the market loses more than 1.8 trillion dollars
Thursday 12 May 2022 13:43
The combined market capitalization of cryptocurrencies decreased by 60.3 percent (AB)
[rtl]The mass massacre facing the digital currency market continues , as total losses since the highest peak recorded by cryptocurrencies on the ninth of last November have jumped to more than $ 1.8 trillion.[/rtl]
[rtl]The recent moves of the US Central Bank to raise interest rates to contain high inflation, in addition to the start of the repercussions of Western sanctions imposed on Russia in most markets, caused the digital currency market to record the worst performance this year.[/rtl]
[rtl]A few days ago, the US Central Bank decided to raise the interest rate by about 50 basis points, in the event that investors panicked at the short-term level, which strengthened the control of the red color on the cryptocurrency trading platforms during the recent sessions.[/rtl]
[rtl]Pressures on Bitcoin and cryptocurrencies increased after the release of inflation data in the United States, which showed that the consumer price index rose by 8.3 percent during the month of April, while analysts' expectations indicated a rise to 8.1 percent.[/rtl]
[rtl]Bitcoin drops to 27 thousand dollars[/rtl]
[rtl]In terms of trading, and since the highest peak recorded by the market last November, the combined market value of cryptocurrencies decreased by 60.3 percent, losing about 1808.1 billion dollars, after their total market value declined from the level of three trillion dollars to about 1191.9 billion dollars in trading Thursday morning. .[/rtl]
[rtl]At the top of the losing digital currencies came "Bitcoin", as the most powerful and widespread currency fell by 59 percent, losing about 40,201 dollars, and fell from the level of 68,093 dollars to about 27,892 dollars.[/rtl]
[rtl]Its total market value also declined by 58.5%, losing about $750.4 billion, after it fell from the level of $1282.8 billion last November to the level of $532.4 billion at the present time, accounting for about 44.66% of the total market share of the cryptocurrencies being traded. At the present time, it accounted for about 41.5 percent of the total market losses.[/rtl]
[rtl]The "Ethereum" currency, which ranked second in the list of the largest cryptocurrencies by market value, recorded losses of 60%, losing about $2,842 after its price dropped from $4,732 last November to about $1,890 at the present time.[/rtl]
[rtl]The total market value of "Ethereum" also decreased by 61.7 percent, losing about $370.3 billion, after it fell from the level of $599.9 billion to the level of $229.6 billion, to control about 19.26 percent of the total market, and also acquired 20.48 percent of the total losses. market.[/rtl]
[rtl]The "Tezer" currency came in third place after its price stabilized at the level of one dollar, and its total market value recorded a level of 81.12 billion dollars, acquiring a total market share of 6.80 percent.[/rtl]
[rtl]And the "USD" currency came in fourth place after its price stabilized at the level of one dollar, and its total market value stabilized at the level of 49.06 billion dollars, acquiring a market share of 4.11 percent.[/rtl]
[rtl]While the “BNP” currency ranked fifth among the largest cryptocurrencies by market value, it recorded losses during the past hours by 17.6 percent, compared to weekly losses of 38 percent, to settle its price in today’s trading at the level of 247.73 dollars.[/rtl]
[rtl]Its combined market value also fell to the level of $40.4 billion, with this figure taking a market share of 3.38 percent of the total combined value of the currencies that are currently being traded.[/rtl]
[rtl]read more[/rtl]
International markets consolidate amid currency turmoil against the dollar
4 risks shaking the throne of digital currencies and “Bitcoin” at 34,000 dollars
The bleeding continues... Cryptocurrency platforms are "red"
[rtl]Solana loses more than half its value[/rtl]
[rtl]The "X Ripple" currency, which ranked sixth, recorded losses during the last week's trading, amounting to 41.7%, compared to a 25% decline during the past hours, to settle its price in today's trading at the level of $0.376, and its combined market value fell to the level of 18.3 $1 billion, with a market share of 1.53 percent.[/rtl]
[rtl]As for the "BUSD" currency, which ranked seventh, it recorded gains during the last week's trading, amounting to 1.4 percent, compared to an increase during the past hours by 1.3 percent, to settle its price in today's trading at the level of $1.01, and its combined market value fell to The level of 16.98 billion dollars, with a market share of 1.42%.[/rtl]
[rtl]The "Cardano" currency came in eighth place, and recorded losses during the last week's trading by 48.5 percent, with a decline of 25.5 percent during the past hours, to settle its price in today's trading at the level of $0.451, and its combined market value fell to the level of $15.6 billion, To acquire a market share of 1.30 percent.[/rtl]
[rtl]The "Solana" currency came in ninth place, and the currency recorded losses during the past hours by 29.2 percent, compared to weekly losses of 52.5 percent, to be traded today at the level of 44.10 dollars.[/rtl]
[rtl]Its combined market value also fell to the level of $15.2 billion, acquiring a total market share of 1.27 percent.[/rtl]
[rtl]Dogecoin ranked tenth among the top 10 digital currencies in terms of market value, and the currency recorded losses during the past hours by 25.3%, compared to a weekly decline of 42.3 percent, to be traded today at the level of $0.0774, and its combined market value fell to The level of 10.2 billion dollars, with a market share of 0.85 percent.[/rtl]
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