In the evening of the week, the 6th quarter, the value of cryptocurrencies dropped sharply. Investors are in panic, and even the decline has reached 10%.
This is reported by RBC-Ukraine via Reuters.
Thus, the Bitcoin rate fell by approximately 5% – to 78,892.92 dollars at 18:55 GMT.
The value of another cryptocurrency in the world, Ethereum, decreased by approximately 9.62% – to 1617.65 dollars.
A similar trend is demonstrated by the rise of other cryptocurrencies.
Dzherelo: Binance (binance.com)
The situation on the cryptocurrency market
To begin with, US President Donald Trump has ordered the creation of a strategic reserve of cryptocurrencies, until the tokens XRP, SOL and ADA are available.
Russia is circumventing sanctions, victorious cryptocurrencies in the oil trade with China and India.
Nowadays, Southern Korea has become the third country in the world for the number of Bitcoins through hackers.
For more details about the development of the cryptocurrency market in Ukraine, read the RBC-Ukraine article.
Read terminology and important information about the war between Russia and Ukraine on the RBC-Ukraine channel on Telegram.