$124 billion in cryptocurrency losses in one day

Within the last 24 hours of trading, the combined market value of the cryptocurrency decreased by 5.8%, losing about $123.9 billion, after its total market value declined from the level of $2126.7 billion in trading yesterday, Wednesday, to About 2002.8 billion dollars in trading today.

According to Arab Net, the German and American authorities dismantled the largest global platform for selling on the dark web called Hydra Market, and bitcoins worth 23 million euros were confiscated.

Hydra is the largest illegal marketplace on the dark web serving Russian-speaking markets.

The secret dark web includes websites that can only be accessed using specific software, ensuring the anonymity of users, and such networks have faced increasing pressure after a surge in their use during the coronavirus pandemic.

At the forefront of the losing digital currencies came the Bitcoin currency, and during the past hours, the currency recorded a decline of 5.3%, losing about 2445 dollars, after its price fell from the level of 45,872 dollars in trading yesterday, to about 43,427 dollars in trading today.

Its combined market value also decreased by 5.2% to lose about 45.8 billion dollars, after its combined market value fell from the level of 871.1 billion dollars to about 825.3 billion dollars.

The Ethereum currency, which ranked second in the list of the largest cryptocurrencies by market value, recorded losses during the past hours by 6.7%, losing about 231 dollars, after its price fell from 3,445 dollars to about 3,214 dollars.

The combined market value also declined by 6.5%, losing about $26.9 billion, after it dropped from the level of $414 billion to about $387.1 billion.

While the USD/TZ coin stabilized at the level of $1, the combined market value stabilized at the level of $82.4 billion, and $51.07 billion.

While BNP ranked fourth among the largest cryptocurrencies by market value, the currency recorded losses during the past hours by 4.5%, losing about 20.39 dollars, after its price fell from 449.02 dollars to 428.63 dollars. Its combined market value also decreased by 4.5%, losing about $3.4 billion, after it decreased from the level of $74.1 billion to about $70.7 billion.