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Crypto chaos led by Bitcoin and Ethereum

Cryptocurrency prices fell today, Thursday, December 8, 2022, led by Ethereum and Bitcoin, with mixed investor trends.

This flop comes after mixed data on cryptocurrency price trends over the coming months.

Today, the market value of cryptocurrency decreased by 0.82%, to reach $840.11 billion, compared to $852.88 billion, with transactions during the last 24 hours amounting to $37.14 billion.

What is the volume of foreign investment attracted by Egypt?
Standard Chartered Bank predicted that cryptocurrencies will continue their losses during 2023, and that Bitcoin will be among the biggest losers, reaching the $5,000 level, a 92% decrease from its highest level in November of last year.

On the other hand, Goldman Sachs plans to spend tens of millions of dollars to buy crypto or investment companies at a time when the market is still suffering from the effects of the collapse of the FTX cryptocurrency trading platform, which affected valuations and investor interest in cryptocurrencies.

On the negative side of the news, ByBit Crypto Exchange decided to lay off about 30% of its workforce, and the company, which was founded in 2018, joined the list of many other crypto players who resorted to the same measure in order to make their operations more cost-effective.

What is the price of bitcoin today?
The price of the encrypted digital currency (Bitcoin BTC) fell on Thursday, December 8, 2022, by 1.31%, to reach $16,815.4.

The market value of Bitcoin also declined, reaching $323.5 billion, compared to $326.77 billion during the previous day’s trading.

What are the cryptocurrency prices today?
The price of Ethereum ETH fell by 2.78% from its value to $1,227.95.

The price of Binance coin BNB decreased by 1.74%, to record $283.3.

In a single track, the price of the Ripple XRP currency increased by 0.02%, to reach $0.3871.


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