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Cryptocurrencies are bleeding and losing $ 500 billion - Economist

Chinese ban loses cryptocurrencies more than $ 300 billion

Cryptocurrencies Collapse
China announced, in shocking news of the "cryptocurrency" market, that the market lost its balance within minutes and made digital currencies bleed nearly $ 330 billion in one day, and currencies fell by 16.2% of the value of cryptocurrencies.
The following are the most important cryptocurrencies affected by the crash on May 19, 2021:
  1. Dogecoin fell by 24.7% and reached $ 0.36.
  2. Cardano currency fell by 19.1% and reached $ 1.66.
  3. Litecoin fell by 31.2% and reached $ 204.
  4. Ethereum Classic is down 26% and has a price of $ 65.
  5. Binance Coin currency fell by 26.6% and reached $ 376.
  6. Ethereum is down by 21.7%, and its price is $ 2,639.
  7. Bitcoin currency fell 10.8%, reaching $ 38,244.

Elon Musk tweets, Bitcoin collapses

Elon Musk, CEO of Tesla electric car maker, tweeted two days ago that Tesla will dump its bitcoin because bitcoin uses a huge amount of fossil fuels, which is what Tesla is fighting.
This tweet led to a collapse in the price of Bitcoin and a decline in its price of $ 38,000, neglecting the large gains it had made during the beginning of this year.

باحث اقتصادي هدفي إنشاء موسوعة عن الدول العربية توضح جوانب القوة في كل دولة، واتمني أن يأتي اليوم الذي يتحد فيه العرب لتعم الفائدة علي كل الشعوب.


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