August 9, 2022

The Catholic Transcript

Complete News World

Bitcoin loses one-fifth of its value and $ 1 billion worth of cryptocurrencies are sold

NEW YORK – Bitcoin lost one-fifth of its market value this Saturday, when a combination of profitability and macroeconomic concerns brought cryptocurrency sales to nearly $ 1 billion and more than $ 5 billion.

The currency fell 12% in the morning trade to US $ 47,495. At the end of the day, the fall was 22% to US $ 41,967.5.

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Widespread sales of cryptocurrencies led to a fall of more than 10% in Ether, the currency linked to the blockchain network Ethereum.

This Sunday, according to the special website coinmarket.com, the currency returned home with $ 49,000, causing a gap in valuation.

Based on the Coingecko cryptocurrency database, the market capitalization of the 11,392 currencies it tracks is down nearly 15% to $ 2.34 trillion, up from BRL13 trillion. That number briefly surpassed $ 3 trillion last month, with Bitcoin hitting a record $ 69,000.

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