Bitcoin Price Adjusts on First Trading Day of Week, Reaches $81,400 Per BTC

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Bitcoin (XBT/USD) experienced a correction on the first trading day of the week, reaching a mark of $81,400 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 at around $1,650 per 1 ETH.

The current exchange rate of the cryptocurrency Tether (USDT) to the Russian ruble (USDT/RUB) is 88.30 rubles per 1 USDT.

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, which lead 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 Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.