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Cryptocurrency prices.. Huge losses on the night of the Bitcoin arrest

 “cryptocurrency” prices continued their decline for the second day in a row, after reaping profits and the recovery of Bitcoin.

Bitcoin is subject to security prosecutions in many countries, led by China, which has considered mining digital currencies a crime against the environment.

And also Brazil, which confiscated 591 bitcoins, worth 27 million US dollars, as a result of an investigation into a fraudulent digital currency, as well as Egypt, which seized a network for “mining” the digital currency “Bitcoin” in Dakahlia, where three digital platforms containing a large number of devices and equipment were seized. .

Cryptocurrency rates

The price of Bitcoin BTC (the most famous digital currency in the world), fell by 1.65% to the level of $ 47,183.90, by 6:38 am GMT.

The market value of the Bitcoin currency recorded, on Tuesday, the level of 886.119 billion dollars, and the volume of transactions came at the level of 29.97 billion dollars in the last 24 hours.

“Bitcoin that has been accumulated by major investors recently is correlated with a change in the average price of Bitcoin,” said Philip Gradwell, chief economist at Chainalysis.

He added, Bitcoin whales are the ones holding more than 1,000 BTC - they were a "driving force" in the market until late February.

Chainalysis has linked bitcoin whale purchases to the price of the cryptocurrency, which often rises within 28 days of the start of extended buying from these investors and drops with selling.

Bitcoin has gained about 82% since hitting its lowest level this year at $27,700 in January 2021.

And in the middle of this month, the price of virtual currencies rose at a time when global companies continued to recognize Bitcoin as a payment currency for the services of these companies, such as Apple Pay and Google Pay.

And AMC, the operator of cinemas in America, announced last Tuesday that it will be technically ready to accept Bitcoin for booking tickets to theaters by the end of this year.

The most expensive 7 virtual currencies in the world .. Who precedes Bitcoin?

The Chedi Andermatt hotel, located in the Swiss Alps region, announced on Friday that it would allow its guests to pay for their stay at the hotel in digital currencies.

The hotel, owned by Egyptian billionaire Samih Sawiris, stated that it will accept the two digital currencies "Bitcoin" and "Ethereum", and will consider accepting other digital currencies in the future.

Virtual currencies do not have a serial number and are not under the control of governments and central banks, like traditional currencies, but are only dealt with over the Internet, without a physical presence.

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