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Bleeding Cryptocurrency Losses Increases Led by "Bitcoin"
Shafaq News/ The cryptocurrency market extended its losses today, Tuesday, led by Bitcoin, with investor sentiment declining again due to concerns that larger interest rate increases by the US Federal Reserve are on the horizon to curb inflation.
The world's largest cryptocurrency fell by as much as 10% to reach $ 20.8 thousand, the lowest level since December 2020, before paring some of its losses to trade at a price of $ 21.9 thousand, with the price of another group of cryptocurrencies, including Ethereum and Avalanche, falling.
More than $1.1 billion was liquidated in the cryptocurrency markets on Monday, of which about $685 million were long-term contracts and $468 million were short-term, according to Coinglass data, the largest number of long and short trades in at least the past three months.
Cryptocurrencies, which have struggled amid Fed policy in recent months, have been hit particularly hard, after the collapse of the Terra/Luna system last month and Celsius' suspension of withdrawals Monday morning Asia Time further eroded confidence in Cryptocurrency world.
https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D9%86%D8%B2%D9%8A%D9%81-%D8%AE%D8%B3%D8%A7-%D8%B1-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B4%D9%81%D8%B1%D8%A9-%D9%8A%D8%AA%D8%B2%D8%A7%D9%8A%D8%AF-%D8%A8%D9%82%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A8%D8%AA%D9%83%D9%88%D9%8A%D9%86
The world's largest cryptocurrency fell by as much as 10% to reach $ 20.8 thousand, the lowest level since December 2020, before paring some of its losses to trade at a price of $ 21.9 thousand, with the price of another group of cryptocurrencies, including Ethereum and Avalanche, falling.
More than $1.1 billion was liquidated in the cryptocurrency markets on Monday, of which about $685 million were long-term contracts and $468 million were short-term, according to Coinglass data, the largest number of long and short trades in at least the past three months.
Cryptocurrencies, which have struggled amid Fed policy in recent months, have been hit particularly hard, after the collapse of the Terra/Luna system last month and Celsius' suspension of withdrawals Monday morning Asia Time further eroded confidence in Cryptocurrency world.
https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D9%86%D8%B2%D9%8A%D9%81-%D8%AE%D8%B3%D8%A7-%D8%B1-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B4%D9%81%D8%B1%D8%A9-%D9%8A%D8%AA%D8%B2%D8%A7%D9%8A%D8%AF-%D8%A8%D9%82%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A8%D8%AA%D9%83%D9%88%D9%8A%D9%86
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