ISLAMABAD
The cryptocurrency market lost traction on Tuesday, with the market capitalization losing 0.7 percent to reach $1.37 trillion.
As of 1315 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, BTC shed 1.1 percent in the last 24 hours to reach $34,761. The market capitalization of the biggest crypto has reached $679 billion with this decrease. Bitcoin has been 1.3 percent up in the past seven days.
Bitcoin (BTC) dipped below the $35,000 mark early Tuesday, showing signs of slump after days of considerable gains. This price movement could potentially be attributed to traders cashing in their Bitcoin holdings and shifting their investments towards altcoins, resulting in a rise in their prices.
Similarly, Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, shed 1.3 percent to reach $1,878. With this decrease in price, the market capitalization of ETH has reached $226 billion. ETH has been 4.4 percent up in the past seven days.
Likewise, Binance Coin (BNB) price inched down by 0.1 percent to reach $248. The market capitalization of BNB has reached $38.2 billion with this decrease. BNB has gained 9.3 percent of its value during the last seven days.
On the other hand, the price of Ripple (XRP) dipped 3.6 percent to reach $0.687. The market capitalization of XRP stands at $36.9 billion with this decrease. XRP has gained 15 percent of its value during the last seven days.
Meanwhile, Solana (SOL) price surged 3.1 percent to reach $41.56. With this increase in price, its market capitalization has reached $17.5 billion. SOL has gained 15.1 percent of its value during the last seven days.
Other popular altcoins including Dogecoin (DOGE), Cardano (ADA) and Litecoin (LTC) landed in the greens across the board. Blur (BLUR) became the biggest gainer of the lot, with a 24-hour jump of over 19 percent. Immutable (IMX), on the other hand, became the biggest loser, with a 24-hour loss of over 10 percent. TLTP
