Edit: Ahlam Adly

Bitcoin's market value has fallen to $877,055 billion, amid $31,357 billion in its last 24 hours.

During today's early trading, Bitcoin (the world's most popular digital currency) fell by 1.98%, while Ribble XRP jumped by nearly 20% to record $1.32.

In contrast, the Central Bank of China continues to put heavy pressure through regulations on and speculation in the circulation of cryptocurrency currencies after intensifying its crackdown in this sector early in the current year.

While China continues to crack down on cryptocurrency trading since 2017 in recent months, an increase in cryptocurrencies and other symbolic currencies has caused the authorities to worry about the risk of counterfeiting, money-laundering and excessive energy use. A series of regulatory actions targeting monopolistic behaviour in electronic payment platforms such as Ant Group have also been imposed over the past year.