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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
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