Cryptocurrency market cap falls below $1 trillion

The market value has declined Cryptocurrencies It broke the trillion dollar barrier once more, supported by the decline of major currencies such as Bitcoin and Ether.

And the Bitcoin currency recorded a decline of more than 6%, this week, to trade below the 19 thousand dollar barrier and is approaching its lowest levels this year.

Central banks’ trends of higher interest rates and higher financing costs, in addition to the risks of a global recession, negatively affect the demand for high-risk assets such as cryptocurrencies.

Photo of author

Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

EuroBasket 2022 – the Top 10 of Day 6: Lauri Markkanen untenable

A thousand newly displaced

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.