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Bitcoin, after breaking records, ends the week by offloading billions

Posted on November 12, 2022 by admin

Bitcoin, after breaking records, ends the week by offloading billions

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Answer Bitcoin, after breaking records, ends the week by offloading billions

A rough and bloody weekend for most cryptocurrencies.

Bitcoin, after it reached a new record above $58,600, according to the website Flying birdWith a market value of more than $1 trillion, the currency rate fell dramatically.

Meanwhile, Bitcoin is recording an 11.3% drop in the last 24 hours and the currency has dropped to $52,000.

With the massive drop in the price of Bitcoin followed by most of the altcoins, the crypto market lost more than $200 billion in the last 24 hours.

The currency of Ethereum met the same fate as Bitcoin, as the price of the currency fell by more than 18% in the last 24 hours.

Read:Metaverse real estate prices plummet and Metaverse job ads drop 81%

Ethereum, after its price reached more than 2000 dollars, fell by more than 350 dollars, to an estimated price of the currency at the time of writing this article, 1650 dollars.

While a large number of altcoins saw similar highs and lows, some altcoins managed to rally and stand out from the mainstream of the crypto market this weekend.

The CRO cryptocurrency recorded a 59% increase in the past 24 hours, as did the FTM and HOT cryptocurrency, which increased by 10 and 6%, respectively.

Despite the decline of many cryptocurrencies and their decline, some of them are still recording huge gains and great rises, such as the Binance currency BNB, which ranks third at a price of 245 dollars.

The DOT coin also, despite the decline, is still maintaining a level above $ 30, which made it among the first five positions with its decline to the fifth rank and allowing the Tether coin to return to the fourth position.

Ripple currency XRP, after it rose remarkably this morning, after some rumors emerged about the statement of the head of the Treasury in Britain that XRP is a digital currency and not a security and guarantee.

Read:Huobi launches its own blockchain network – beta version –

However, the Ripple currency did not maintain the level of $0.60 and fell to $0.55.

The LINK coin is also still maintaining the level of $28 despite the 17% drop.

Read also:

Bitcoin is more expensive than 1 kilogram of gold… Details here

How much did Tesla make after buying $1.5 billion in Bitcoin?


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