The red color continued to dominate cryptocurrency exchanges, with the largest currencies experiencing sharp losses as Bitcoin returned to the $27,000 level. In terms of trading, during recent trading, the combined market value of cryptocurrencies fell by 5 percent, losing about $ 61 billion, after its total market value fell from the level of $ 1200 billion in trading last Sunday, to about $ 1139 billion in trading on Wednesday.
The cryptocurrency market is still reeling from the shock of raising US and European interest rates, as the Federal Reserve decided a few days ago to raise interest rates by another 25 basis points to fight inflation, the tenth consecutive increase since March last year.
Source (Al-Arabiya.net Website, Edited)
