CRYPTOCURRENCY - Bitcoin dives below $55,000 level

The Bitcoin fell below 55,000-dollar level, after Chair of the United States Federal Reserve Jerome Powell said on Monday that cryptocurrencies are "more for speculation" than they are meant to be used as payment, adding that he sees crypto assets "more like gold than the dollar."

NEWS IN ENGLISH 23.03.2021, 08:44 23.03.2021, 12:24

CRYPTOCURRENCY - Bitcoin dives below $55,000 level

Speaking at the Bank for International Settlements (BIS) summit, Powell stated that private digital currencies have so far not been a "good store of value," commenting that their regulation is "not where it needs to be yet." He went on to say that "work is not motivated by other developing private sector currencies like Bitcoin."

Bitcoin decreased by 5.30 percent in the last 24 hours to 54,639.44 dollars, after fluctuating between 54,288.16 and 58,471.48 dollars, while the weekly gain of the currency was calculated at 0.31 percent. Bitcoin's total market volume was at 1.0 trillion 17 billion dollars.

Ethereum, the second-largest unit of the crypto currency markets, also fell by 4.84 percent in the last 24 hours to 1,701.56 dollars, while its weekly loss was 2.86 percent; the market volume of the unit also decreased to 195.53 billion dollars.

Binance Coin, the third largest unit of the crypto currency markets, fell by 3.23 percent in the last 24 hours to 259.85 dollars, with a weekly gain of 4.70 percent; the market volume of the unit also decreased to 39.95 billion dollars.

With increasing corporate purchases, the total market capitalisation, which exceeded the 1.5 trillion dollar limit for the first time in history on February 15, was at 1 trillion 703 billion dollars in the early hours of Tuesday.

While the value of 79 units decreased from the highest volume of 100 units in the last 24 hours in the crypto money markets, seven of the top 10 units was among those that fell.

Bitcoin accounted for 59.6 percent and Ethereum for 11.5 percent of the total market volume in 36,705 markets where 8,915 cryptocurrencies were traded, while the 24-hour trading volume in all markets was at 131 billion dollars.

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Takımlar	O	P
1. Galatasaray	33	90
2. Fenerbahçe	33	86
3. Trabzonspor	33	55
4. Beşiktaş	33	51
5. Başakşehir	33	49
6. Rizespor	33	48
7. Kasımpasa	33	46
8. Antalyaspor	33	45
9. Alanyaspor	33	45
10. Sivasspor	33	45
11. A.Demirspor	33	41
12. Samsunspor	33	39
13. Ankaragücü	33	37
14. Kayserispor	33	37
15. Konyaspor	33	36
16. Gaziantep FK	33	34
17. Hatayspor	33	33
18. Karagümrük	33	33
19. Pendikspor	33	30
20. İstanbulspor	33	16

Takımlar	O	P
1. Eyüpspor	31	69
2. Göztepe	31	63
3. Ahlatçı Çorum FK	31	55
4. Sakaryaspor	31	54
5. Bodrumspor	31	52
6. Kocaelispor	31	52
7. Bandırmaspor	31	47
8. Boluspor	31	47
9. Gençlerbirliği	31	47
10. Erzurumspor	31	42
11. Ümraniye	31	37
12. Manisa FK	31	36
13. Keçiörengücü	31	36
14. Şanlıurfaspor	31	34
15. Tuzlaspor	31	33
16. Adanaspor	31	32
17. Altay	31	15
18. Giresunspor	31	7

Takımlar	O	P
1. Arsenal	34	77
2. Liverpool	34	74
3. M.City	32	73
4. Aston Villa	34	66
5. Tottenham	32	60
6. M. United	33	51
7. Newcastle	33	50
8. West Ham United	34	48
9. Chelsea	32	47
10. Bournemouth	34	45
11. Brighton	32	44
12. Wolves	34	43
13. Fulham	34	42
14. Crystal Palace	34	39
15. Brentford	34	35
16. Everton	34	33
17. Nottingham Forest	34	26
18. Luton Town	34	25
19. Burnley	34	23
20. Sheffield United	34	17

Takımlar	O	P
1. Real Madrid	32	81
2. Barcelona	32	70
3. Girona	32	68
4. Atletico Madrid	32	61
5. Athletic Bilbao	32	58
6. Real Sociedad	32	51
7. Real Betis	32	48
8. Valencia	32	47
9. Villarreal	32	42
10. Getafe	32	40
11. Osasuna	32	39
12. Sevilla	32	37
13. Las Palmas	32	38
14. Deportivo Alaves	32	35
15. Rayo Vallecano	32	34
16. Mallorca	32	31
17. Celta Vigo	32	31
18. Cadiz	32	25
19. Granada	32	18
20. Almeria	32	14