Bitcoin (XBT/USD) Dips Below $65,000 in First Trading Day of Week

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Bitcoin (XBT/USD) starts the first trading day of the week with a correction, reaching a mark of $65,000 per 1 BTC. Bitcoin accounts for approximately 70% of the market share.

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

Ethereum (ETH/USD) is trading around the level of $1,900 per 1 ETH.

Ripple (XRP/USD) is quoted at $1.05.

Leaders in terms of trading volume and capitalization are:

- Bitcoin,

- Ethereum,

- USDT,

- Solana, BNB Chain, Dogecoin.

It is worth noting that the pricing mechanism in the crypto market is based on the interaction of supply and demand on exchanges, where prices are formed through buy and sell orders. Key factors 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 regulator.

This overview was presented by Alexey Grishchenko, Ph.D., professor at the Department of Operational and Sectoral Management at the Higher School of Management of the Financial University under the Government of the Russian Federation.