After Bitcoin and Ethereum recorded the yields of two digital currencies in the world to record levels during yesterday’s session, cryptocurrencies recorded declines this morning, Wednesday, November 10, as Bitcoin lost about 2.48% and traded at levels of 66,500 thousand dollars, with a market value estimated at 1.257 billion dollars, while Ethereum traded It decreased by about 2.09% at levels of 4.709 thousand dollars, and the market value is estimated at 557 billion dollars.

Despite these morning declines, the combined market value of digital currencies maintains at the levels of 3 trillion dollars, according to the CoinGecko platform at 3.02 trillion, with a morning decline of about 1.6%, as the platform includes about 10,561 digital currencies, in which Bitcoin constitutes 41.6% of the total value of digital currencies, while the share of Ethereum is 18.4%.

The momentum of trading in bitcoin and cryptocurrencies has been on the rise since the announcement of the first bitcoin ETF in October, with expectations that more funds will be listed this November, and optimism and supportive news for the world’s largest digital currency, which has risen since the beginning of the world by more than 130 percent, in addition to the outlook of different markets for bitcoin.

That digital gold be in the markets and be hedged from global inflation fears, all of these reasons support the rises of the most expensive digital currency in the world Ethereum, in turn, tested its highest level ever during the session yesterday, Tuesday, at 4,842 thousand dollars, recording gains of more than 550% since the beginning of the year, benefiting from the development of the Ethereum currency to the 2.0 system, which is characterized by lower energy consumption and acceleration of the system, in addition to anticipation in the markets to announce the first Ethereum ETF in the first quarter of next year.

Dogecoin, in turn, records declines of about 5.5%, trading at levels of $0.2704, and a market value of $49 billion, while Ripple is down by about 3.55%, trading at levels of $1.23, and a market value of about $58 billion.

Litecoin is tweeting out of the flock, with increases of more than 8% this morning, Wednesday, and it is trading at levels of $263, with an increase in the market value to $20 billion. bb