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Monday, September 20, 2021

Big loss of value in Bitcoin.

Bitcoin fell hard today after a quiet weekend. While the world's largest crypto money lost 9 percent to see below $ 43,000, the decline in Ethereum exceeded 10 percent. The strengthening of the dollar and the concerns about the Chinese company Evergrande were effective in the decline. The total market value of cryptocurrencies melted $ 246 billion in the last 24 hours

Cryptocurrencies have started this week on a bearish note as the US dollar continues to strengthen globally. As of this afternoon, Bitcoin has fallen by 9 percent in the last 24 hours to $ 42,930. Ethereum dropped 10.8 percent to $2,925, while Cardano (ADA) fell 13.2 percent to $2.02.

Concerns that the possible bankruptcy of the Chinese company Evergrande could create a domino effect were effective in this huge loss of value in cryptocurrencies.

95 of the coins listed in the first hundred lines have lost value.

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