Bitcoin value, crypto market regain little power after big s...| MENAFN.COM

Tuesday, 18 January 2022 10:20 GMT

Bitcoin value, crypto market regain little power after big sale


(MENAFN) On Monday, Dec. 6 the value of Bitcoin and the worth of the cryptocurrency market got a bit better, following 48 hours of a big sale triggered by concerns about the Covid-19 variant omicron, as in addition to the threats sit by Evergrande, China's property investor.

On Saturday morning, Dec. 4 Bitcoin's value fell to USD42,000, which ended it at USD49,272 as an 8.26 percent daily deficit, after closing Friday at USD53,709. As shown by governmental statistics, at 11:23 a.m. EDT (1623 GMT) the value had regained power to reach USD48,800.

On Friday, Dec. 3 the cryptocurrency market's overall price amounted to USD2.65 trillion, but it all fell to USD2.12 trillion the next day, a loss of more than USD520 billion in just a few hours. Figures from online asset value-trail site CoinMarketCap, the overall sum of the crypto market rebounded and was about USD2.26 trillion just at time.

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