Saturday, December 3, 2022
HomeNewsCryptocurrency Prices and Stock Trading is Declining

Cryptocurrency Prices and Stock Trading is Declining

- Advertisement -

Cryptocurrency prices are falling and stock trading is declining

The price of cryptocurrencies fell and cryptocurrency trading was delayed on Tuesday, leaving El Salvador in a difficult position today as the first country to adopt bitcoin as a legal tender.

- Advertisement -

Shares of blockchain-related firms also fell as a result of the disruption of the cryptocurrency trading platform. But the main focus was on El Salvador, where the government had to temporarily remove a digital wallet to meet demand.

Bitcoin, the world’s largest and most well-known cryptocurrency, fell more than 17% to $ 43,000 before selling at $ 47,140.27, reducing some losses by 9.20%. Earlier, bitcoin reached a session of $ 52,948.00.

Ether, a small competitor connected to the Ethereum blockchain network, fell 11.99%.

Major cryptocurrency exchanges Coinbase Global Inc. (COIN.O) and Kraken said they were experiencing delays in some transactions on their platforms.

Coinbase said some transactions were delayed or canceled “at high rates” and “there could be errors in our applications.” The exchange later said that problems with Coinbase card transactions had been resolved and transactions were proceeding normally.

The Gemini office said it was temporarily undergoing a full overhaul to address an exchange problem that caused a performance problem.

- Advertisement -

Shares of Coinbase (COIN.O) fell 4.02%.

Everything related to cryptocurrencies seemed to suffer. Cryptocurrency miners Riot Blockchain (RIOT.O) fell 7.38% and Marathon Digital Holdings (MARA.O) fell 7.76%.

Shares of BTC buyer and business intelligence software firm MicroStrategy Inc. (MSTR.O) fell 7.64%.

Interviews by Herbert Lash in New York, Saikat Chatterjee in London and Aaron Saldanha in Bengaluru; Sujata was edited by Rao and Rosalba O’Brien

Our Standards: Thomson Reuters Principles of Trust.

- Advertisement -
Muhammad Fayyaz - Top Story. Dedicated To Providing The Best Of Story. Top Stories, News Update, Technology, Drama, Alparslan, Barbaros, Kurulus Osman, History, Life Style


Please enter your comment!
Please enter your name here


Nora Fatehi

Nora Fatehi delivered an electrifying performance on the FIFA World Cup 2022 fan fest...

At the FIFA World Cup 2022 fan festival, Nora Fatehi waved the Indian flag and chanted Jai Hind. She proudly stood on the stage...
Azam Swati

Senator Azam Swati of the PTI is judicial custody for 14 days, until December...

The Federal Investigation Agency (FIA) arrested Azam Swati for the second time in less than two months earlier this week for a "highly obnoxious...
Fawad Chaudhry

PTI is willing to talk to the federal government about the upcoming elections

Despite its decision to dissolve the Punjab and Khyber-Pakhtunkhwa assemblies, the Pakistan Tehreek-e-Insaf (PTI) is reportedly willing to negotiate the next electoral framework with...
Rabeeca Khan

Rabeeca Khan new dance video impresses fans

Rabeeca Khan, a TikTok starlet, rose to prominence at a young age. She has a large number of followers on TikTok, YouTube, and Instagram. Rabeeca...
Ayesha Dance

A viral girl’s Ayesha new dance video goes viral

Ayesha, Pakistan's internet sensation whose dance performance catapulted her to fame overnight, recently stunned fans with her latest dance moves. Ayesha has skyrocketed to unprecedented...
- Advertisment -

Most Popular