Bitcoin keeps dropping, Ethereum rising
Most cryptocurrencies fell, Bitcoin lost 0.45% of its value, and Ethereum gained 0.15%
Cryptocurrency prices according to global stock exchange transactions:
The price of “Bitcoin”, the largest and most famous digital currency in the world, decreased by 1.13%, to reach $ 19.772.0, and “Ethereum” rose by $ 0.15%, to record $ 1.554.11, and “Cardano” rose by 5.16% to record 0.4933 dollar.
The “Solana” currency rose by 1.65% to record $614.31, and the “Dogecoin” currency rose by about 2.37% to reach levels of $0.063332.
The “Shiba Inu” currency rose by 9.49% to levels of $0.01335, and “AV AX smart contracts”, the cryptocurrency, lost in the range of 0.48% to levels near $18.94.
The “Terra Classic” currency also lost 12.9% to levels of $0.002396, and the “Ripple” currency rose by 43.0% to levels of $0.32949.
The market value of cryptocurrencies decreased by 0.45% to reach $973.37 billion, and the trading volume during the last 24 hours was about $44.09 billion.
The cryptocurrency market has fallen dramatically due to the aggressive stance of the Federal Reserve.
The Federal Reserve is responsible for fighting inflation in the United States, and usually resorts to quantitative tightening and raising interest rates to combat high inflation levels.
The digital currency market is still witnessing a wave of turmoil due to the hawkish stance of the Federal Reserve, which caused mixed movements in the price of Bitcoin and other digital currencies, and during yesterday’s trading, Bitcoin rose below $20 thousand before losing it today again.
Cryptocurrencies are considered as a non-cash digital payment method, which is managed and traded in a decentralized online payment system that is highly protected away from the control and control of banks.
According to the statistics of the cryptocurrency exchange Crypto.com, there were approximately 300 million people who owned cryptocurrency by the end of 2021.