Stephen Innes, managing director at SBI Asset Management, said investors were concerned about a hawkish turn from the Federal Reserve, but there was still enough uncertainty surrounding the Omicron strain, which could delay rate-raising cycles.
The market value of the cryptocurrency market decreased during trading today, Friday, by 4.15% to reach $2.27 trillion, with a trading volume of $104.31 billion in the last 24 hours.
Bitcoin price fell below $50,000, Ethereum ETH and DOGE (Dogecoin) fell by 4 to 5%, and Chainlink LINK currency fell by 9.22%.
The reasons for the losses of Bitcoin (the most famous currency in the world) and its siblings were many, and some financial market experts suggested that the reasons were the intensive selling to take profits, the American infrastructure law, the ban imposed in India on private transactions of digital currencies, and finally Chinese pressure on the mining of digital currencies. Encoded to save energy.
The trial of the inventor of Bitcoin ends in innocence, revolution and a mystery… What happened?
Last Wednesday, computer scientist Craig Wright, who claims to have invented bitcoin, won a lawsuit allowing him to hold a $54 billion worth of cryptocurrency.
The jury rejected the allegations that Craig Wright’s former business partner, deserved half of the assets, and acquitted Wright of the charges against him.
As a result, Wright will keep 1.1 million bitcoins, worth $54 billion, but will pay $100 million to Dave Kleiman’s family for intellectual property infringement.
Cryptocurrency rates today
The price of the digital currency Bitcoin BTC decreased by 3.29% to reach $48,304.90.
The price of Ethereum (ETH) fell 5.81% to $4,137.58.
The price of the Binance coin BNB decreased by 3.68% to reach $580.90.
“Bitcoin” is cracking .. What happens?
The price of the cardano ADA coin fell 5.27% to record $1.31.
XRP fell 5.45% to $27.32.
The price of the Polkadot DOT coin fell by 5.64% to $27.29.
The price of the DOGE coin (Dogecoin) decreased by 4.17% to reach $0.1704.
The price of Litecoin (LTC) fell by 4.98% to reach $153.78.
The Chainlink LINK coin price fell 9.29% to $19.94.
Source: Al Ain News
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