Home
4 risks shaking the throne of digital currencies and “Bitcoin” at 34,000 dollars
Khaled Al-Minshawi is a journalist
Monday 9 May 2022 13:01
It is expected that "Bitcoin" will exceed the level of 500 thousand dollars during the current year (Reuters)
At a time when cryptocurrencies continue the wave of losses, which is the largest since the beginning of the Russian-Ukrainian war, four risks have multiplied the market losses, and the losses came due to the US Central Bank’s announcement to raise interest rates, in addition to the US dollar’s descent to the highest level in a month, and also The continuous rise of gold, which tops the list of havens and safe assets at the present time, and finally the continuation of the Russian war in Ukraine and the repercussions of Western sanctions on Russia, which caused new difficulties for most markets.
interest rate
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 dominance of the red color on cryptocurrency trading platforms during the recent sessions.
Despite the bleeding losses suffered by the “ Bitcoin ” currency , some investors who are supporters of long-term investment are clinging to this famous currency, amid hopes for an expected record rise during the coming period, but the wave of severe losses that the market is facing at the present time will push investors to hedge and be cautious. from entering the cryptocurrency market.
Bitcoin drops to $34,000
In terms of trading, and during the last week’s trading, the combined market value of cryptocurrencies decreased by 11.3 percent, losing about $201.3 billion, after their total market value fell from the level of $1787.4 billion in trading last Sunday, to about $1,586.1 billion in morning transactions. Sunday.
At the forefront of the losing digital currencies came the “Bitcoin”, and during the past hours, the most powerful and widespread currency in the cryptocurrency market fell by four percent, compared to weekly losses of nine percent, to be traded at the level of $ 34587, and it was the highest level reached by the price of "Bitcoin" on November 10, when it registered $68,992.
Its total market value also fell to the level of $658.3 billion, accounting for about 41.5 percent of the total market share of the cryptocurrencies currently being traded.
The “ Ethereum ” currency , which ranked second in the list of the largest cryptocurrencies by market value, recorded losses during the past hours by five percent, compared to a weekly decline of eight percent, to settle its price on Sunday, the eighth of May (May), at the level of 2555 dollars, and its total market value fell to 308.5 billion dollars, acquiring about 19.45 percent of the total market.
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 83.2 billion dollars, acquiring a total market share of 5.24 percent.
[rtl]read more[/rtl]
At a time when the BNP currency ranked fourth among the largest cryptocurrencies by market value, the currency recorded losses during the past hours by 5.2 percent, compared to weekly losses of 6.4 percent, to settle its price in trading yesterday at the level of 359.14 dollars. . Its combined market value also went down to the level of $58.6 billion, taking with this figure a market share of 3.69 percent of the total combined value of the currencies that are currently being traded.
The "USD" currency came in fifth place, after its price stabilized at the level of one dollar, and its total market value stabilized at the level of 48.56 billion dollars, acquiring a market share of 3.06%.
Terra loses 22 percent of its value
The "X-Ripple" currency, which ranked sixth among the top 10 digital currencies in terms of market value, recorded losses during the last week's trading of three percent, compared to a decline of 4.5 percent during the past hours, to settle its price in trading, yesterday, at the level of $0.572. And its combined market value fell to the level of $27.68 billion, taking a market share of 1.74 percent.
As for the "Solana" currency, which ranked seventh among the top 10 digital currencies in terms of market capitalization, it recorded losses during the last week's trading of 12.4 percent, compared to a decline during the past hours by 3.7 percent, to settle its price in trading, yesterday, at the level of 78.17 And its combined market value fell to the level of $26.22 billion, taking a market share of 1.65%.
The "Cardano" currency came in eighth place, and recorded losses during the last week's trading by 3.8 percent, with a decline of 4.6 percent during the past hours, to settle its price in trading yesterday, at the level of $0.743, and its combined market value fell to the level of $25.12 billion. To acquire a market share of 1.58 percent.
The "Terra" currency came in the ninth place, and recorded losses during the last week's trading by 22 percent, with a decline of 14.3% during the past hours, to settle in its last transactions, at the level of $ 60.03, and its total market value fell to the level of $ 21.6 billion, to acquire It has a market share of 1.36 percent of the total combined value of the currencies that are currently being traded.
The "Terra UST" coin ranked tenth among the top 10 digital currencies in terms of market capitalization, and the price of the currency stabilized at the level of one dollar, and its combined market value stabilized at the level of 18.67 billion dollars, acquiring a market share of 1.17 percent.
https://www.independentarabia.com/node/329361/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%B1%D9%82%D9%85%D9%8A%D8%A9/4-%D9%85%D8%AE%D8%A7%D8%B7%D8%B1-%D8%AA%D8%B2%D9%84%D8%B2%D9%84-%D8%B9%D8%B1%D8%B4-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%B1%D9%82%D9%85%D9%8A%D8%A9-%D9%88%D8%A8%D9%8A%D8%AA%D9%83%D9%88%D9%8A%D9%86-%D8%A8%D9%8034-%D8%A3%D9%84%D9%81-%D8%AF%D9%88%D9%84%D8%A7%D8%B1
Market value plunges 11 percent and accusations of using it in the Russian-Ukrainian war
Khaled Al-Minshawi is a journalist
Monday 9 May 2022 13:01
It is expected that "Bitcoin" will exceed the level of 500 thousand dollars during the current year (Reuters)
At a time when cryptocurrencies continue the wave of losses, which is the largest since the beginning of the Russian-Ukrainian war, four risks have multiplied the market losses, and the losses came due to the US Central Bank’s announcement to raise interest rates, in addition to the US dollar’s descent to the highest level in a month, and also The continuous rise of gold, which tops the list of havens and safe assets at the present time, and finally the continuation of the Russian war in Ukraine and the repercussions of Western sanctions on Russia, which caused new difficulties for most markets.
interest rate
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 dominance of the red color on cryptocurrency trading platforms during the recent sessions.
Despite the bleeding losses suffered by the “ Bitcoin ” currency , some investors who are supporters of long-term investment are clinging to this famous currency, amid hopes for an expected record rise during the coming period, but the wave of severe losses that the market is facing at the present time will push investors to hedge and be cautious. from entering the cryptocurrency market.
Bitcoin drops to $34,000
In terms of trading, and during the last week’s trading, the combined market value of cryptocurrencies decreased by 11.3 percent, losing about $201.3 billion, after their total market value fell from the level of $1787.4 billion in trading last Sunday, to about $1,586.1 billion in morning transactions. Sunday.
At the forefront of the losing digital currencies came the “Bitcoin”, and during the past hours, the most powerful and widespread currency in the cryptocurrency market fell by four percent, compared to weekly losses of nine percent, to be traded at the level of $ 34587, and it was the highest level reached by the price of "Bitcoin" on November 10, when it registered $68,992.
Its total market value also fell to the level of $658.3 billion, accounting for about 41.5 percent of the total market share of the cryptocurrencies currently being traded.
The “ Ethereum ” currency , which ranked second in the list of the largest cryptocurrencies by market value, recorded losses during the past hours by five percent, compared to a weekly decline of eight percent, to settle its price on Sunday, the eighth of May (May), at the level of 2555 dollars, and its total market value fell to 308.5 billion dollars, acquiring about 19.45 percent of the total market.
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 83.2 billion dollars, acquiring a total market share of 5.24 percent.
[rtl]read more[/rtl]
Bitcoin hits a new date with record price levels
"Bitcoin" breached the level of 47 thousand dollars, amid the recovery of trading
Ethereum crosses $3,000 in cryptocurrency race
At a time when the BNP currency ranked fourth among the largest cryptocurrencies by market value, the currency recorded losses during the past hours by 5.2 percent, compared to weekly losses of 6.4 percent, to settle its price in trading yesterday at the level of 359.14 dollars. . Its combined market value also went down to the level of $58.6 billion, taking with this figure a market share of 3.69 percent of the total combined value of the currencies that are currently being traded.
The "USD" currency came in fifth place, after its price stabilized at the level of one dollar, and its total market value stabilized at the level of 48.56 billion dollars, acquiring a market share of 3.06%.
Terra loses 22 percent of its value
The "X-Ripple" currency, which ranked sixth among the top 10 digital currencies in terms of market value, recorded losses during the last week's trading of three percent, compared to a decline of 4.5 percent during the past hours, to settle its price in trading, yesterday, at the level of $0.572. And its combined market value fell to the level of $27.68 billion, taking a market share of 1.74 percent.
As for the "Solana" currency, which ranked seventh among the top 10 digital currencies in terms of market capitalization, it recorded losses during the last week's trading of 12.4 percent, compared to a decline during the past hours by 3.7 percent, to settle its price in trading, yesterday, at the level of 78.17 And its combined market value fell to the level of $26.22 billion, taking a market share of 1.65%.
The "Cardano" currency came in eighth place, and recorded losses during the last week's trading by 3.8 percent, with a decline of 4.6 percent during the past hours, to settle its price in trading yesterday, at the level of $0.743, and its combined market value fell to the level of $25.12 billion. To acquire a market share of 1.58 percent.
The "Terra" currency came in the ninth place, and recorded losses during the last week's trading by 22 percent, with a decline of 14.3% during the past hours, to settle in its last transactions, at the level of $ 60.03, and its total market value fell to the level of $ 21.6 billion, to acquire It has a market share of 1.36 percent of the total combined value of the currencies that are currently being traded.
The "Terra UST" coin ranked tenth among the top 10 digital currencies in terms of market capitalization, and the price of the currency stabilized at the level of one dollar, and its combined market value stabilized at the level of 18.67 billion dollars, acquiring a market share of 1.17 percent.
https://www.independentarabia.com/node/329361/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%B1%D9%82%D9%85%D9%8A%D8%A9/4-%D9%85%D8%AE%D8%A7%D8%B7%D8%B1-%D8%AA%D8%B2%D9%84%D8%B2%D9%84-%D8%B9%D8%B1%D8%B4-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%B1%D9%82%D9%85%D9%8A%D8%A9-%D9%88%D8%A8%D9%8A%D8%AA%D9%83%D9%88%D9%8A%D9%86-%D8%A8%D9%8034-%D8%A3%D9%84%D9%81-%D8%AF%D9%88%D9%84%D8%A7%D8%B1
» Rental sources for the legitimacy of achievement and governance in Iraq
» Parliamentary Foreign Ministry: Al-Sudani will present in Turkey the file of dollar smuggling throug
» Sudanese advisor reveals the most important axes of the decision table between Iraq and Turkey
» Parliamentary Oil announces the direct study of a very important controversial law
» Cabinet Secretariat: We look forward to the development projects support platform being an opportuni
» Member of Parliament Finance: We have not seen the budget yet
» What is the truth about the dispute between Exxon Mobil and Iraq? .. An expert answers
» Enhancing the role of the private sector and digitizing the economy at the Iraqi-European negotiatio
» The House of Representatives intends to host the Sudanese government
» The Foreign Minister stresses the importance of the European Union's role in promoting democracy in
» Saudi Arabia resumes its flights with Iraq and is considering opening new consulates and ports
» Sudanese advisor: The "dream" project from FAO to Europe is on the discussion table with Erdogan
» The Parliamentary Finance details its "criticisms" on the budget: serious consequences and its defic
» The head of the Investment Authority puts Turkey in front of the "water for investment" equation
» Parliamentary Finance: The return of stability in the exchange rate of the dollar depends on taking
» Al Mandalawi calls on the Businessmen Council to encourage their counterparts to invest in Iraq
» MilitiaMan and Crew: 3-19-2023 U-tube
» Monday Night KTFA CC "The Whale Song" 3-20-2023
» Iraq is heading to offer a sixth licensing round for oil exploration in the west of the country
» American analyzes compare the wars in Iraq and Ukraine and reveal that Saddam fell into the trap of
» Among them is the end-of-service reward.. The Retirement Authority reveals paragraphs that need lega
» A report questioning the economic feasibility of Iraqi ports, including Al-Faw, for several reasons
» Al-Sudani congratulated Newroz: Our Iraq is moving towards the sustainability of civil peace and the
» Opening a center for the Pension Authority at the headquarters of the Ministry of Education to compl
» Retirement and social security..important laws awaiting legislation in Parliament
» Al-Shabki: The oil and gas law will impose the region's authority over areas belonging to Nineveh
» A political warning of rising tensions over the election law
» Expert: The US Secretary of Defense visited Iraq to ensure the survival of his forces
» Al-Rafidain: 5-year period for repayment of advances to employees and retirees
» An economist diagnoses a major imbalance in the budget
» The ports announce the timelines for the completion of the projects of the great port of Faw
» A warning against dragging Iraq towards normalization through the Aqaba oil pipeline
» Parliamentary criticism of passing the election law at dawn and leaving the budget discussion
» Al-Sudani overthrows the Al-Halbousi Secrets and Corruption Fund, amid calls for the arrest of more
» Kurdish dissatisfaction with the continued presence of Turkish forces in northern Iraq to revive the
» The dollar opens trading on Tuesday, exceeding 156 thousand dinars
» Energy Police seize a den for recycling and smuggling of oil derivatives in Anbar
» Parliamentary Committee: The Industrial Investment Law provides a safe and attractive environment fo
» Why does not Iraq re-adopt the coin?
» The Council of Ministers approves six recommendations to support and localize the pharmaceutical ind
» He Ruled Out Voting On It Soon.. Al-Maliki Reveals The Secrets Of The Struggle Over The Budget
» Al-Mandalawi: We reached understandings with the Jordanian side regarding the Iraqi community and fa
» Representative of the Prime Minister: Newroz celebrations are an opportunity to take care of the env
» Al-Sudani: Nowruz passes us by this year, and our Iraq is taking important steps towards sustaining
» Moayad Al-Lami at the "Baghdad International Dialogue" Conference: The procedures of the Joint Opera
» Chihoud: The one-constituency election law will achieve the public interest of the Iraqi people
» Al-Rafidain determines the amounts of loans granted to employees, employees of the Ministry of Inter
» Baghdad and Riyadh are discussing the mechanisms of the Saudi soft loan for the reconstruction of Ir
» The Central Bank launches a new electronic platform
» Central Bank: We have large allocations to support and finance green economy projects
» In pictures, the Central Bank launches the e_Donate platform application
» Al-Mandalawi calls on the Businessmen Council to encourage their counterparts from countries of the
» After the Minister of Interior's directive.. How are the Iraqi security services involved in drug us
» NATO assures Fouad Hussein of its full respect for Iraq's sovereignty and territorial integrity
» Basra crude prices drop by more than 4%
» An Iraqi association launches the first financial electronic application in Iraq related to humanita
» Integrity: Saad Kambesh committed violations in a hotel purchase contract worth 47 billion dinars
» Service Issues administrative orders to those covered by appointment in 9 institutions and ministrie
» American leaders: American forces will remain in Iraq forever to protect his government
» The stability of oil prices.. Brent records 73.84 dollars per barrel
» A slight rise in the exchange rates of the dollar in the local markets
» The arrest of the former head of the Sunni Endowment Office, on the background of corruption files
» Low gold prices in Baghdad markets
» A stabilizing factor.. European praise for Iraq's role in the region
» Al-Sudani assures the Saudi Trade Minister of openness towards developing partnership with the Kingd
» The Iraqi government issues a number of decisions - Urgent
» The governor of Karbala defends the provincial councils and denies the interference of any party by
» To participate in the water conference.. The President of the Republic leaves Iraq for America
» Al-Sistani refused to meet him.. Details of Bremer’s rule in Iraq: I made two mistakes and the decis
» Bakhtiar Hajji visits the Ministry of Trade and Industry of the Kurdistan Regional Government
» The Minister of Immigration announces the launch of an electronic service to communicate with Iraqi
» A new decision from the Ministry of Interior regarding granting licenses to possess and carry weapon
» Al-Sudani: Our visit to Turkey assumes special importance at this particular time, with the positive
» Parliament sets next Saturday to complete the vote on the provisions of the election law
» Globally.. Iraq climbs one rank with the cheapest price of gasoline
» Twenty years ago, in April 2003, American soldiers toppled the statue of Saddam Hussein in Al-Firdou
» How did the invasion of Iraq change the American military doctrine?
» Bush wanted to send an army to overthrow Saddam and an army to rebuild Iraq
» One of them is related to end-of-service benefits.. Retirement talks about paragraphs that need lega
» Advisor to the Prime Minister: This is the government's message to all countries
» OPEC Secretary General from Baghdad: Achieving stability and balance between supply and demand is on
» Al-Rafidain determines the period for repaying the advances of employees and retirees
» Demonstrations in central Baghdad.. Demands to amend the salary scale of employees
» Sudanese headed by an official delegation leaving the country for Turkey
» An American institution reveals secret Iranian documents regarding the results of the Iraq war
» Qubad Talabani calls for transforming the current rapprochement with Baghdad into a permanent agreem
» Cabinet Secretariat: Tomorrow, Tuesday, will be an official holiday on the occasion of Nowruz holida
» A historian reveals the intentions of the American invasion of Iraq: the establishment of the “Great
» Parliamentary investment: a number of amendments that will occur in the investment law in the countr
» Warnings of the consequences of neglecting the Chinese agreement on the Iraqi economy
» Because of corruption.. Middle East: Iraq lost 320 billion dollars
» An Iraqi-Jordanian agreement to coordinate the work of the Chambers of Commerce and Industry and to
» Efforts to attract Saudi capital and investors to the Iraqi market
» Political insistence on enacting a "delayed" law 16 years ago - urgent
» Continuous meetings of the investment chief in Saudi Arabia...and agreements on the way to implement
» Iraq sells its oil below the planned price. The deficit increases before the budget sees the light
» After the Council of Ministers' decision... What is the story of the "settlement" with the Korean Ko
» Salaries and entitlements... A bond reveals exciting details about the Kurdistan region's share of t