Bitcoin's cryptocurrency has tumbled more than 14% over the past 48 hours, after record gains over the past weeks. According to Arabia Net, the market value of digital currencies tumbled by about $ 28 billion during the last 48 hours, after it decreased by 10.37% after its total market value declined from the level of 270 Billion dollars to about 236 billion dollars at the present time. And at the end of last week, trading volumes increased on the platforms for buying and selling cryptocurrencies, with the anticipated Bitcoin split scheduled for tomorrow. The Bitcoin currency is scheduled to split tomorrow, Tuesday, in a process that occurs every few years, to decrease the currency mining reward from 12.5 Bitcoin to 6.25 Bitcoin, which reduces the supply of the currency . The price of a coin declined by about 30% in the last split operation of the cryptocurrency in 2016, before witnessing noticeable gains in the following year and then the bubble collapsed during 2018. The first digital currency in the world has exceeded the level of 10200 dollars by the end of trading last week, for the first time since last February, to plunge at the end of yesterday's trading to about 8614 dollars lost About $ 1586, recording a decrease of 15.54%. While its total market value recorded about $ 160.7 billion, accounting for about 66% of the total market value of cryptocurrencies. But in the last trading of Monday morning, Takween returned to the gains to rise by 3.4% touching the level of 8909 dollars.
Ethereum also fell by 2.7% to $ 186.2. Ripple plunged 2.8% to $ 0.194. The formation of Cache coin also decreased by 3.8% to record the level of $ 230. On the other hand, Tether increased by 0.1% to one dollar level.
