Big setback in cryptocurrency prices - Economist

The "Cryptocurrency" market is witnessing huge fluctuations after many currencies reached historical peaks such as Bitcoin, Ethereum, Ripple, Shiba Inu, and other currencies.

But at the end of November 2021, the collapse began in many currencies, especially Bitcoin, which continued to decline since the beginning of the 2022 transactions, so the cryptocurrency opened the new year at levels of $ 46,000, to fall strongly during the first 10 trading days of 2022 and touched the levels of 39,000 dollars during trading on Monday, January 10, 2022.

In the same context, the Ethereum currency declined from levels of $3,677 to touch during the trading session on Monday, January 10, the levels of $2930, which is the lowest level reached by Ethereum since August 2021.

The Dogecoin fell more than 16.5% over the past week and was trading near $0.137 levels, its lowest level since December 2021.

As for the prices of digital currencies today, we find that the price of bitcoin, which takes the symbol (BTC), has rebounded in today’s trading from the price of $ 42,585 and continued to rise until the area of $ 43,756.

As for the Ethereum currency, which is symbolized by the symbol (ETH), we find that it is witnessing a rise at the beginning of today's trading from the price of $ 3254 and continued to rise until the area of $ 3368 as a result of buyers pressure on it.

As for the Ripple currency, which is symbolized by the symbol (XRP), it rebounded in the early hours of this morning from levels of $0.7590 and continued to rise until the area of $0.7821.

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