May 19, 2022

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Cryptocurrency price .. “Ethereum” approaches $ 3,500, “Bitcoin” is declining

Today, on April 3, 2022, cryptocurrency prices fluctuate amid a global holiday for commodity markets and international stock markets.

And today the market value of cryptocurrencies has reached about $ 2.15 trillion.

The positive results of US jobs have increased the attractiveness of investing in cryptocurrencies and the risk appetite among investors, especially as US job growth generally loses its luster as investors seek to benefit by raising interest rates by investing in securities at this time. Income and cryptocurrencies.

A recent report by investment firm VanEck Associates showed that the digital currency Bitcoin could reach $ 1.3 million and that gold could cross $ 31,000 an ounce.

The company added that while the United States and Western nations have imposed sanctions on Russia, it could reduce demand for traditional currencies by hoarding assets, including the dollar, the euro, gold and the Chinese yuan. Demand for this specialty has grown significantly as a result of recent corporate scandals.

As a result of this demand, the prices of some assets, especially bitcoin and gold, which are considered by investors to be safe havens, may lead to an increase in their prices.

The price of bitcoin today

Today, Sunday, the price of Bitcoin (BTC) (the world’s largest and most popular digital currency) fell 0.29% to $ 46,349.67.

When it appeared on Bloomberg TV last Tuesday, Galaxy Digital CEO Mike Novogratz predicted that Bitcoin (the world’s largest cryptocurrency) would reach $ 500,000 in 5 years.

Bitcoin was priced at $ 68,992 on November 10.

Today’s cryptocurrency rates

Ethereum (ETH) rose 035% to $ 3,495.31.

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Binance coin BNB is down 1.46% at close to $ 444.

The XRP currency rose 1.25% to $ 0.832100.

The Cardano was down 1.34% at $ 1.17.

And polka dot price rose 3.45% to $ 23.15 levels.

The DOGE / USD is down 1.74% at $ 0.140961.