Amid growing fears of Russia’s invasion of Ukraine, cryptocurrency prices fell on Saturday, as the most popular currency, Bitcoin, lost more than 2% of its market value.
The market value of cryptocurrencies decreased today by 2.83%, to record about 1.81 trillion dollars, with a trading volume during the last 24 hours, which recorded about 70.82 billion dollars.
Bitcoin (the world’s most famous cryptocurrency) lost 2.05% of its value during early trading on Saturday, falling below the $39,000 level.
With this, Bitcoin, the world’s largest cryptocurrency, has fallen by more than 15% from its highest level in the last year, which reached $47,989 on January 2.
Bitcoin has lost more than 50% of its value since its record high in November.
Bitcoin’s drop since its November peak has wiped out more than $600 billion in market capitalization, and lost more than $1 trillion from the overall crypto market.
Encrypted digital currencies, specifically Bitcoin, are exposed to many challenges and pressures imposed by the central banks of countries such as Russia, India, China, Turkey and Malaysia.
Cryptocurrency rates today
Bitcoin BTC fell 2.05% to $39977.14.
The price of Ethereum (ETH) fell 4.74% to $2,780.73.
The price of the Binance coin BNB decreased by 2.09% to reach $401.25.
The price of the cardano ADA coin decreased by 3.63% to record $0.9963.
XRP fell 1.28% to $0.7798.
The Polkadot DOT coin fell 3.32% to $17.77.
DOGE (Dogecoin) rose 0.142% to $0.142.
The price of Litecoin (LTC) fell by 3.28% to reach $115.43.
The Chainlink LINK coin lost 4.22% to $15.21.