{"id":5923,"date":"2021-11-19T22:31:02","date_gmt":"2021-11-19T19:31:02","guid":{"rendered":"https:\/\/www.forexbrokers.ae\/?p=5923"},"modified":"2021-11-20T22:40:46","modified_gmt":"2021-11-20T19:40:46","slug":"%d8%a7%d9%84%d8%a8%d9%8a%d8%aa%d9%83%d9%88%d9%8a%d9%86-19-%d9%86%d9%88%d9%81%d9%85%d8%a8%d8%b1-2021","status":"publish","type":"post","link":"https:\/\/www.forexbrokers.ae\/en\/crypto-news\/%d8%a7%d9%84%d8%a8%d9%8a%d8%aa%d9%83%d9%88%d9%8a%d9%86-19-%d9%86%d9%88%d9%81%d9%85%d8%a8%d8%b1-2021\/","title":{"rendered":"Bitcoin deepens its losses to reach below $56,000"},"content":{"rendered":"

Bitcoin witnessed a significant decline as it recorded a monthly low at the level of 56000 dollars, and the total market value of cryptocurrencies lost about 400 billion dollars within a week, as the correction of the cryptocurrency market continues to deepen.<\/p>\n

Cryptocurrency prices suffered from continued price declines throughout this week, especially during today\u2019s trading, with the leading cryptocurrency sliding to its lowest level in five weeks at $ 55,700, and most altcoins colored red, and as a result the total market value lost about 100 billion extra dollars.<\/p>\n

Bitcoin is currently trading down 18.5 percent % from its all-time high, which it hit just nine days ago.<\/p>\n

Bitcoin hits five-week low<\/strong><\/h2>\n

\"Bitcoin\"<\/a><\/p>\n

Since I crossed digital currency<\/a> The leader reached an all-time high at around $69,000 during last week\u2019s trading, a strong sell-off dominated the crypto market that pushed the cryptocurrency to lose nearly $6000 in minutes after reaching its peak, and it could not recover after one day and continued to backing down.<\/p>\n

But it was able to recover some of its losses earlier this week to cross the psychological support level of $66,000 for a brief period. Despite that, it was unable to maintain its upward momentum and reversed to the downside, causing the currency to lose about $7,000 on the same day, in this way, to fall to Below $60,000 for the first time since the end of October.<\/p>\n

Bitcoin later attempted to recover but failed to reverse, and fell again, falling to $55,700, its lowest in nearly five weeks.<\/p>\n

During today's trading, Bitcoin managed to recover some of its losses and is currently standing above $57,000, and despite a limited recovery its total market capitalization is well below $1.1 trillion, and its dominance of altcoins has also seen its dominance drop below 43%.<\/p>\n

Over the past seven days, bitcoin has fallen by more than 10%, bringing the cryptocurrency below $56,000 for the first time since late October, as millions of long and short positions were liquidated due to volatility. to concerns.<\/p>\n

Of course, this had an impact on the entire crypto market, as most coins are also charting double-digit declines over the past seven days, with Ethereum losing around 10.7%, BNB, SOL, ADA and XRP all dropping around 10%.<\/p>\n

Altcoin losses<\/strong><\/h2>\n

Altcoins suffered during the trading week last week, and so far most of them are still in the red, and despite this, their losses are less than the leading coin.<\/p>\n

Ethereum fell below $4,000 for a while, but is currently standing at $4,150, and Binanso, Solana, Cardano, Ripple, Dogecoin, Litecoin, Polkadot, and ShibaInu also fell slightly.<\/p>\n

The total market value of cryptocurrencies has fallen to $2.650 trillion, as the total market capitalization has lost about $400 billion since it reached its peak about a week ago.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin witnessed a significant decline, as it recorded a monthly low at the level of 56000 dollars, and the total market value lost about 400 billion dollars.<\/p>","protected":false},"author":2,"featured_media":5841,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[264],"tags":[133],"class_list":["post-5923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-news","tag-133"],"acf":[],"modified_by":"\u0645\u062d\u0645\u062f 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