Cryptocurrency losses are “shocking” .. 395 billion dollars in a week

Digital currencies continued the wave of blood that began in the past few sessions, taking market losses during last week’s trading to over $ 395 billion.

A report published by the Daily Express, predicted that the price of Bitcoin would soon surpass the $ 100,000 level and that it would become a strong competitor to gold as a safe haven for investors to protect themselves and their money from. inflation and fluctuations in traditional currencies.

The report inferred these expectations through the previous movement of the virtual currency, noting that “the value of Bitcoin has doubled since the last drop recorded three months ago, when it reached the level of thirty thousand dollars, and then returned to rise above sixty. one thousand “, which means it is possible for it to rise above 100,000 again when it bounces after dropping from sixty thousand levels.”

In terms of exchanges, over the past week, cryptocurrency market capital has fallen by 13.2%, losing approximately $ 395.5 billion of their value, after plunging from the $ 3 trillion level of trading in half. last week to the level of $ 2604.5 billion in trading of today.

As for “Bitcoin,” it fell 12.2%, losing about $ 8,288, after its price fell from $ 68,093 in the middle of last week’s trading to about $ 59,805 in trading on Tuesday evening. Its combined market value fell 12%, posting losses of $ 154 billion, after its combined market value went from $ 1282.8 billion to about $ 1128.8 billion in trading today.

The currency “Ethereum” recorded losses during last week’s trading of 10.7%, losing around $ 506, after its price dropped from the $ 4,732 level to around $ 4,226. Its combined market value also declined by 16.5%, losing around $ 99.4 billion, after its market value dropped from the $ 599.9 billion level to around $ 500.5 billion.

The “Binance Coin” currency, which is the third largest digital currency by market value, suffered losses during the trading last week by 11.2%, losing about $ 73, after its price dropped from the $ 652 level to about $ 579. Its total market value also fell by 11%, posting overall losses of approximately $ 12.1 billion, after its market value fell from $ 108.7 billion to approximately $ 96.6 billion.

While the “Tezer” currency stabilized at the $ 1 level. It recorded a total market value of approximately $ 73.78 billion.

The fifth largest digital currency by market value “Solana” posted losses of 6% during trading last week, losing about $ 14 after its price dropped from $ 237 to about $ 223. Its total market value also declined by 5.7%, losing about $ 4.1 billion, after its combined market value dropped from $ 71.8 billion to about $ 67.7 billion.

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