Cryptocurrencies suffer heavy Losses.. $180 billion lost!

  • International
  • 27 November 2024
1

The "red" color dominated the price of most cryptocurrencies on Tuesday, affected by the significant decline of Bitcoin, the largest cryptocurrency by financial value.

The price of Bitcoin fell by about 6% today, to record $ 92.2 thousand, according to the platform "CoinMarketCap", after touching the price of $ 100 thousand last Friday.

Experts in the cryptocurrency market attributed the decline in the price of Bitcoin to investors reaping profits from the gains they made after the large rise of the currency after the US elections and the announcement of Trump's victory.

Ethereum, the second-largest cryptocurrency, fell 4.4% to $3.3K, while Solana fell 9.3% to trade at $228.31. The entire cryptocurrency market capitalization fell by $182 billion to $3.35 trillion.

Source (Al-Arabiya.net Website, Edited)

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