The cryptocurrency winter has reached new levels of coldness, as trading volumes have dropped significantly over the past 24 hours and momentum in the cryptocurrency market has waned after bankruptcies and crashes, as well as billions of dollars in withdrawals, have impressed a number of prominent names in the industry.
In the last 24 hours, the exchange values have decreased cryptocurrency By more than 55% in total, to record $22.4 billion. Stable currencies accounted for more than 92% of the $20.7 billion trade value, while Bitcoin controls 39.8% of the cryptocurrency’s market value.
This comes after “Bitcoin” broke below the $17,000 level, as it currently trades at $16,761, down 2.4% in the past 24 hours.
Cryptocurrency exchanges have been plagued by declines, as the transaction value of the top 10 cryptocurrency exchanges has declined by more than 63% on average, which is the level recorded by the largest cryptocurrency platform, ‘Binance’, as its executions decreased by 63.05%. to 6.07 billion dollars in the last twenty-four hours, according to what was seen by “Al-Arabiya.net”.
While the biggest declines were for cryptocurrency exchange ‘Bitstamp’, whose operations fell by 81%, followed by the exchange ‘Kraken’, with $166 million in executions, down 77%.
The ranking of the largest cryptocurrency exchanges was as shown in the table below:
Ranking of cryptocurrency exchanges in terms of execution losses
