Learn about five currencies that have fallen dramatically in the last 48 hours
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Answer Learn about five currencies that have fallen dramatically in the last 48 hours
Cryptocurrency prices fell and the total market capitalization fell to 154 billion dollars.
The red color prevailed on most cryptocurrencies, whether large or small, and the crypto market is known to be one of the most volatile markets compared to the rest of the traditional markets.
While financial stocks have decreased by approximately 10%, we find that digital currencies are declining by several times this percentage.
In the recent bearish wave that hit the crypto market, the vulnerability varied from one currency to another, and among the five most affected currencies for the first 100 currencies in terms of total market value, we find the following:
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Maker coin with the acronym MKR, MATIC coin, Hedera Hashgraph coin, Chainlink coin and Ethereum coin.
In detail in the five coins that fell like the rest of the coins that almost also fell with the same intensity above, we find that the Maker coin that supports the stablecoin DAI decreased by 41.5% this relative to the past hours as its decline increased more now, as its value decreased from $ 500 to 247 meaning It fell by more than half.
The same applies to the Matic currency, which fell and broke a new record of falling, which it has not set since October 2019.
Hedera Hashgraph, which in the past few days has been one of the best performing currencies, has increased by several times its value, but in the last drop it was also present and recorded an exceptional decline.
Chainlink coin, which ranks 12th in terms of total market capitalization, has also not escaped a recent violent decline and fell to $2.23.
The Ethereum currency is the second currency in terms of the total market value after the Bitcoin. Its value has decreased and was severely affected by the ongoing crisis and its price has fallen by half, which we referred to in a detailed topic published in the past few hours on the Arab Bitcoin website:
Read:Report: $272 million worth of Ethereum was stolen by North Korean hackers in 2021
Ethereum coin loses 50% of its value and falls to its lowest level in two years
Read also:
Bitcoin falling to the level of $ 5500 … and “Peter Schiff” comment about the decline
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