Bitcoin (XBT/USD) Dips Below $66,000 in First Trading Day of Week

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Bitcoin (XBT/USD) experiences a correction on the first trading day of the week, reaching a mark of $65,600 per 1 BTC. Bitcoin dominates the market with a share of approximately 70%.

The total market capitalization of the cryptocurrency market exceeds $3.2 trillion USD.

Ethereum (ETH/USD) is trading at around $1,700 per 1 ETH.

Ripple (XRP/USD) is currently valued at $1.18 per XRP.

Market leaders in terms of trading volume and capitalization are:

- Bitcoin,

- Ethereum,

- USDT,

- Solana, BNB Chain, Dogecoin.

It is important to note that cryptocurrency pricing is driven by the interplay of supply and demand on exchanges, where prices are formed through buy and sell orders. Key factors influencing prices include limited supply, liquidity, technological updates, news, regulation (laws/bans), mining costs, market sentiment, and speculation, leading to high volatility due to decentralization and the absence of a single regulatory authority.

This overview was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.