Bitcoin slides to $37,438 as cryptos lose for sixth day

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ISLAMABAD: The cryptocurrency market remained bearish for the sixth straight day on Monday as heightened geopolitical risks weigh on risk assets. As of 1315 hours GMT, the market capitalisation of cryptocurrencies shed 1.9 percent to reach $1.79 trillion. The largest cryptocurrency Bitcoin’s (BTC) price shed 2.1 percent to reach $37,438. With this decrease in price, the market capitalisation of the biggest crypto has reached $708 billion. Bitcoin shed 11.1 percent during the last seven days. Ether, the world’s second-largest cryptocurrency by market capitalisation, shed 1.23 percent to reach $2,594. With this decrease in price, the market capitalisation of ETH has reached $305 billion. Ether has shed 9.7 percent of its value over the last seven days. TLTP