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Cryptocurrencies record collective declines at the closing session of the week today, Friday, as the market value of cryptocurrencies combined, according to the Coingecko website, fell to less than 2 trillion dollars to reach 1.95 trillion, a decline of about 5.8% in the last 24 hours only to expand the largest digital currency in the world (Bitcoin) from Its losses amounted to 12% since the beginning of the week, and about 4.6% today only, and it is trading at levels of 41,804 thousand dollars, with a decline in the market value to 784 billion dollars.
\nChina renewed its crackdown on cryptocurrencies on Friday by pledging ten agencies, including the People’s Bank of China, to work together against illegal cryptocurrencies.
\nChina banned financial institutions and payment companies from providing cryptocurrency-related services last May, but today’s statement is the most detailed and comprehensive to date from the regulator, as the People’s Bank of China confirmed on its website that cryptocurrency-related transactions would be considered an illegal activity.
\nThis negative news from China comes one day after Twitter announced a trend to add new services that allow users to deal with Bitcoin in paying the tip service.
\nEthereum is the second largest digital currency in terms of market value, in turn, declining by about 6.6% and a loss since the beginning of the week by about 16% 879, trading at levels of 2.583 thousand dollars, with a decline in the market value to 335 billion dollars.
\nOn the other hand, Cardano is declining by about 1.02% and a weekly loss of about 6.85%, trading at levels of $2.20 and a market value of $70 billion, while the Dogecoin is trading at levels of $0.2067, down by about 6.67%, a weekly decline of about 14.67%, and a market value estimated at about $27 billion.<\/p>\n
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Cryptocurrencies record collective declines at the closing session of the week today, Friday, as the market value of cryptocurrencies combined, according to the Coingecko website, fell to less than 2 trillion dollars to reach 1.95 trillion, a decline of about 5.8% in the last 24 hours only to expand the largest digital currency in the […]<\/p>\n","protected":false},"author":1,"featured_media":1901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-1900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-currencies"],"acf":[],"yoast_head":"\n