Cryptocurrencies continue their losses that began last Sunday, and these violent losses, which included Bitcoin, caused the market to lose more than 108 billion dollars in total value during the 48 last hour.
According to Arabia Net, in terms of trading, citing the CoinMarketCap platform, the combined market value of cryptocurrencies witnessed losses during the past 48 hours by 6.5%, a loss of about 108.1 billion dollars, after the total value of the market fell from the level of 1.6624 trillion dollars in trading last Sunday to about 1.5543 trillion dollars in today's trading.
As for Bitcoin, it declined during the past 48 hours by 8.4%, losing about $3,527, after its price fell from the level of $41,850 to about $38,323. Its combined market value also declined by 8.4%, losing about $66.4 billion, after its total market value declined from the level of $785.6 billion to about $719.2 billion, accounting for 61.4% of the total market losses during the past hours.
The Ethereum currency recorded losses during the past 48 hours, by 4.7%, losing about 124 dollars, after its price declined from the level of 2602 dollars last Sunday to about 2478 dollars in Today's transactions. Its total market value also decreased by 4.8%, losing about 14.7 billion dollars, after its combined value declined from the level of 304.2 billion dollars to about 289.5 billion dollars in today's trading, accounting for 13.6% of the total market losses.
Tezer is the third largest cryptocurrency by market capitalization. While the currency price stabilized at the level of $1 in today's trading, its total market value increased by 0.16%, gaining about $0.1 billion, after its combined value rose from the level of $61.9 billion to about $62 billion.
Binance Coin recorded losses during the past 48 hours, by 6.7%, losing about $ 23, after its price fell from the level of $ 343 to about $ 320. Its combined market value also declined by 6.7%, losing about $3.9 billion, after its total value fell from the level of $57.8 billion to about $53.9 billion.
The Cardano coin recorded losses of 6.5%, losing $0.09, after its price dropped from $1.37 to about $1.28. Its combined market value also declined by 6.8%, losing $3 billion, after its combined market value fell from the level of $43.9 billion in yesterday's trading to $40.9 billion.
