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Bitcoin, after breaking records, ends the week dumping billions


 Bitcoin, after breaking records, ends the week dumping billions

A brutal and bloody weekend on most digital currencies.

Bitcoin, after reaching a new record above $ 58,600, according to Coingecko, and reaching a market value of more than $ 1 trillion, the currency's price declined dramatically.

Bitcoin, meanwhile, recorded a decline of 11.3% in the last 24 hours, and the currency's price fell to $ 52,000.

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With the significant drop in the price of Bitcoin, most alternative digital currencies followed, causing the cryptocurrency market to lose more than $ 200 billion in the last 24 hours.

Ethereum has met the same fate as Bitcoin, as the currency's price has fallen by more than 18% in the last 24 hours.

Ethereum, after its price reached more than $ 2000, it retreated by more than $ 350, so that the currency’s price at the time of writing this article is estimated at $ 1650.

While a large number of alternative digital currencies experienced similar highs and lows, some currencies managed to rally and differentiate from the mainstream cryptocurrency market this weekend.

Where the digital currency CRO recorded a rise of 59% in the past 24 hours, so did the digital currency FTM and the HOT currency, which rose by 10 and 6%, respectively.

Despite the decline and decline of many cryptocurrencies, some of them are still recording huge gains and great gains, such as the BNB currency, which ranks third at a price of $ 245.

DOT currency also, despite the decline, but it still maintains a level above $ 30, which made it within the first five positions with its decline to the fifth place and cleared the way for the Tether currency to return to fourth place.

Ripple currency XRP, after it rose dramatically this morning after the emergence of some rumors about the statement of the head of the Treasury in Britain that XRP is a digital currency and not a safety and guarantee.

But the Ripple currency did not maintain the $ 0.60 level and fell to $ 0.55.

LINK also maintained the $ 28 level despite the 17% drop.