The value of most important digital currencies fell sharply

The Chinese government is seeking to crack down on more cryptocurrency activities, Xinhua reported. A senior central bank official recently said the government would step up its crackdown on a new generation of digital currencies such as Metawares. As we approach the end of this year, sales pressure has increased in the market, and this has strengthened the possibility of a winter of digital currencies, as happened in the spring of this year.

Speculation continues about the Indian government’s decision on how to deal with digital currencies, and now media sources, citing informed sources within the government, have said that there is no intention to ban digital currencies in the country altogether. The Bank of India is significantly behind the Bank of China in developing the national digital currency project, but has entered a more serious phase of operating the digital rupee since last year.

The famous American billionaire, on whose biographical film Greg Wall Street is also based, criticized many important digital currencies in the market. “Some digital currency developers have to go to jail,” Jordan Belford said. “Some digital currency developers have to go to jail. You hear people go crazy for hundreds of millions of dollars.” They have invested to get rich overnight. This is not called investing.

The total global market value of digital currencies is currently estimated at $ 2,380 billion, down 5.42% from the previous day.

Bitcoin currently holds 43% of the total digital currency market and Atrium 17%. Bitcoin was created 12 years ago by an anonymous group of traders on the blockchain platform, and its first trades were formed in 2009.

What is the fundamental value of bitcoin?

Digital currency price update (until 5 pm Eastern time)

This category contains the price changes of 10 major digital currencies in terms of market value.

1- Bitcoin

Price: $ 52,284.44

Price changes in the last 24 hours: 7.36% decrease

Price changes in the last week: 3.98% decrease

2- Ethereum

Price: $ 4090.65

Price changes in the last 24 hours: 9.22% decrease

Recent week price changes: 0.76% decrease

3- Binance

Price: $ 574.81

Price changes in the last 24 hours: 6.63% decrease

Recent week price changes: 2.87% increase

۴- USDT

Price: $ 1.00

Price changes in the last 24 hours: 0.01% increase

Recent week price changes: 0.01% increase

5- Solana
Price: $ 199.71

Price changes in the last 24 hours: 13.37% decrease

Recent week price changes: 2.11% increase
6- Cardano

Price: $ 1.51

Price changes in the last 24 hours: 10.76% decrease

Recent week price changes: 3.80% reduction

7- Ripple

Price: $ 0.896

Price changes in the last 24 hours: 7.27% decrease

Price changes in the last week: 6.25% decrease

8- Polkadot

Price: $ 32.07

Price changes in the last 24 hours: 9.81% decrease

Recent week price changes: 8.43% decrease

9 – USQ Quinn

Price: $ 1.00

Price changes in the last 24 hours: 0.01% increase

Recent week price changes: 0.01% increase

10- Dodge Quinn

Price: 0.191

Price changes in the last 24 hours: 7.83% decrease

Price changes in the last week: 6.48% decrease

El Salvador intends to build a ‘Bitcoin City’ in the east of the country