Home » Economy » Profit taking drops “Bitcoin” below 50 thousand dollars, and “Ethereum” rises by 1.15%

Profit taking drops “Bitcoin” below 50 thousand dollars, and “Ethereum” rises by 1.15%

The price of “Bitcoin”, the largest digital currency in the world by market value, fell by more than 1.04%, today, Thursday, continuing its decline for the second consecutive session, with the control of profit-taking operations.

According to data from the CoinMarketCap website, which specializes in monitoring the performance of cryptocurrencies, the “Bitcoin” currency declined by 09:50 am UAE time at the beginning of trading, below the level of $50 thousand to reach $49.85 thousand.

And the “Bitcoin” currency, the most popular among the digital currencies at that hour, increased its losses by 27.7%, compared to its record level of $69 thousand, which it recorded on the tenth of last November.

On the other hand, the “Ethereum” currency recorded gains during the same time of trading today, by 1.15%, gaining about $50, after its price rose to about $4.38 thousand.

The “Binance Coin” currency rose by 5.1%, gaining about $29.2 to the level of $601.42.

The “Solana” currency also returned to rise by 1.6 percent, to record the level of $190.81, and the “Rebel” currency rose by 4.5 percent to $0.85.

The “Terra” currency jumped by 10.68 percent to reach $75.12, while the “Cardano” currency fell by 0.4 percent to reach $1.37.

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