ISLAMABAD: Cryptocurrencies edged up on Tuesday despite experiencing a slight correction in the last 24 hours, with the market cap rising 0.2 percent to reach $1.21 trillion. As of 1345 hours GMT, Bitcoin (BTC), the world’s most valued token, increased to $27,950 with a gain of 0.2 percent in the last 24 hours. The market capitalisation of the biggest crypto reached $542 billion with this increase. Bitcoin has gained 2.4 percent of its value over the last seven days. The world’s oldest cryptocurrency dipped below the $28,000 mark on early Tuesday. TLTP
Despite a 5 percent decline in Bitcoin’s price this month, it still maintains a significant 67 percent increase compared to the beginning of the year.
Ether (ETH), the world’s second-largest cryptocurrency by market capitalisation, gained 0.7 percent to reach $1,912. With this increase in price, the market capitalisation of ETH has reached $230 billion. ETH has been 3.3 percent up in the past seven days.
However, Binance Coin (BNB) price decreased 1.1 percent to reach $313. With this decrease in price, the market capitalisation of BNB has reached $49.4 billion. BNB has shed 0.1 percent of its value during the last seven days.
On the other hand, Ripple (XRP) price increased 4.3 percent to reach $0.501. The market capitalisation of XRP stands at $26 billion with this increase. XRP has gained 8.6 percent of its value during the last seven days.
Similarly, Cardano (ADA) price surged 0.4 percent to reach $0.380. Its market capitalisation has reached $13.35 billion with this increase. ADA has gained 2.7 percent of its value in the past seven days.
Other popular altcoins including Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL) saw a mix of minor gains and dips across the board. While the Optimism (OP) token became the top loser of the lot, with a 24-hour dip of over 6 percent, IOTA became the top gainer, with a 24-hour jump of over 8 percent.
