Corona virus outbreak and its transformation into a global pandemic have resulted in shocking and violent losses to the crypto market during the past two weeks.
According to ArabiaNet, the numbers indicate that the market value of the cryptocurrency has lost since the end of last February until this morning’s transactions, about 162.3 billion dollars of its market value, with losses amounting to 43.7%, as its total value tumbled from the level of 289 billion dollars at the end of transactions Last month to about $ 162.7 billion in Saturday morning transactions.
The most famous 5 digital currencies led by Bitcoin took nearly $ 105.1 billion, or 64.75% of the total losses achieved by digital currencies during the past two weeks.
In terms of digital currencies, the most powerful composition in the digital currency market plunged 42.96%, losing 4264 dollars, after its value fell from the level of 9924 dollars at the end of transactions last month, to about 5660 dollars in trading this morning.
And its total market value decreased from the level of 180.9 billion dollars at the end of last month to about 103.4 billion dollars in trading this morning, losing about 77.5 billion dollars, a decrease of about 20.08%. Thus, Takween acquires a market share of 63.55% of the total cryptocurrency market, as well as 47.75% of the total losses of the cryptocurrency market during the past two weeks.
With huge losses, Ethereum coin came in second place in terms of market value after Bitcoin, where Ethereum fell by 50.59%, losing about 138 dollars, after its value declined from 273 dollars at the end of last January to about 135 dollars in trading on Saturday morning.
Also, its total value decreased from the level of 30 billion dollars at the end of last month to the level of 14.8 billion dollars in trading this morning, to lose about 15.2 billion dollars, a decrease of about 50.66%. Thus, the currency acquires a market share of approximately 9.09% of the total digital currency market at the present time.
In third place in terms of market value, the XRB currency came after recording losses of 42.9% after it tumbled from the value of 0.282 dollars at the end of transactions last month to about 0.161 dollars, losing about 0.161 dollars.
Also, its total market value plunged from the level of 12.3 billion dollars at the end of last January, to record about 7 billion dollars in trading this morning, losing about 5.3 billion dollars, a decrease of about 43.08%.
Bitcoin Cash, which came in fourth in terms of market value, decreased by 55.11%, losing about 221 dollars, after its price fell from the level of 401 dollars at the end of last January to about 180 dollars in trading this morning.
In terms of its total market value, it decreased by 54.79% after ...
