Digital currencies are turning red at the beginning of the week, Monday, May 9, as the most expensive digital currency in the world (Bitcoin) leads the declines, with a loss estimated at about 3.27%, to trade at levels of $ 33,590 thousand, the lowest level for the currency since the 24th of last January, coinciding with a decline in Market value to 639 billion dollars.
These sharp declines in cryptocurrencies come due to the decline in risk appetite in the markets and the rise in fears of a slowdown in global economic growth with the continuation of the war in Ukraine and the emergence of strong signs of a decline in economic activity in China, the second largest economy in the world, with partial closures due to the spread of the Corona virus in Beijing and Shanghai Consequently, the currencies and assets of the high risks, which come at the forefront of cryptocurrencies, are declining.
The market value of the cryptocurrency market combined, according to the Coingecko website, which includes more than 13,000 digital currencies, has been declining since the beginning of the session today, Monday, by about 3.3%, trading at levels of 1.63 trillion dollars.
Ethereum is the second largest digital currency, declining by about 4.06%, and it is trading at levels of 2.453 thousand dollars, with a market value estimated at 296 billion dollars.
The Dogecoin currency recorded declines of about 3.61%, trading at levels of $0.1213, with a decline in its market value to $16 billion, while Cardano lost about 6.50% and was trading at levels of $0.695, with a market value of about $23 billion.
The Shiba Inu currency, in turn, is declining by about 7.89%, trading at levels of $0.0001743, with a decline in the market value to $9 billion, while the Solana currency is trading down by about 4.93%, trading at levels of $74.22, and a market value of $24 billion.
The XRP or Ripple currency is declining by about 2.92% and is trading at levels of 0.5569, with a decline in the market value to $26 billion, while Litecoin is losing about 3.12% by trading at levels of $91.20 with a decline in the market value to $6 billion.
23/12/2024
ابحاث السوق
شارك المقال على منصات التواصل الإجتماعي
