The most expensive digital currency in the world (Bitcoin) leads the declines of cryptocurrencies in the middle of the opening session of the week today, Monday, December 20th, as Bitcoin loses about 2.30% and is trading at levels of 46,063 thousand dollars, with a market value estimated at 869 billion dollars, amid a quiet trading session with a few days separating us from the end of the current year and consequently the loss of liquidity.
The end of the year is always accompanied by official holidays, starting with Christmas and then Christmas at the end of the year. Therefore, these celebrations and holidays will be accompanied by a decrease in liquidity followed by weak movements, and this does not explain the lack of liquidity in the cryptocurrency market since last week.
The market value of the cryptocurrency market combined, according to the Coingecko website, which includes more than 11,000 digital currencies, lost more than 2.7% today, Monday only, to reach $2.26 trillion.
The additional factor that has put pressure on the cryptocurrency market since the beginning of the session today is the high market concerns about the rapid spread and spread of the Omicron strain and the new restrictions that Europe began to impose, similar to the Netherlands, which announced a comprehensive closure that will continue until mid-January yesterday, Sunday, which put pressure on the markets Financial today, Monday, and it seems that the cryptocurrency markets have not escaped it.
Ethereum, the second largest digital currency in the world, is declining by about 3.20% by midday Monday, and it is trading at levels of 3.805 thousand dollars, with a decline in the market value to 452 billion dollars.
The Dogecoin currency recorded declines of about 4.15%, trading at levels of 0.1641 dollars, with a decline in the market value to 21 billion dollars, while Cardano lost about 4.68% and is trading at levels of 1.22 dollars, with a market value estimated at about 41 billion dollars.
The Shiba Inu, in turn, loses about 6.05% and is trading at levels of $0.0002948, with a market value of $16 billion. The Solana currency is also declining by about 6.54%, trading at levels of $172 and a market value of $53 billion.
Litecoin, in turn, records losses estimated at 2.78%, trading at levels of 147 dollars, with a decline in the market value to 10 billion dollars.
On the other hand, the Ripple and Terra currencies are tweeting outside the flock, as Ripple rises by 3.26% and is trading at levels of $0.854, with a market value of $40 billion, while the Terra currency rises by about 4.41%, trading at levels of $76.73, with a market value of $28 billion.
05/11/2024
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