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A sharp decline is sweeping through the #الكريبتو market.. #البيتكوين and #الإيثريوم are recording their worst quarterly performance in 3 years.
Cryptocurrencies continued their decline since last October, led by #Ethereum , with the market value of the largest cryptocurrency in the world dropping to around $1.753 trillion, while Bitcoin is currently trading near the $87,000 level.
As Ethereum, the second largest cryptocurrency globally, continues its losses, it has recorded a decline of more than 3% over the past 24 hours, trading at around $2950, with its market value dropping to about $356 billion.
With this performance, Bitcoin and Ethereum are recording their worst quarterly performance in 3 years, specifically since the second quarter of 2022.
This decline is also the worst performance for the fourth quarter, which usually sees an increase in the crypto market, since the lowest levels of the bear market in 2018, when cryptocurrencies recorded losses of about 42%.
#USCryptoStakingTaxReview
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