ISLAMABAD
The cryptocurrency market turned positive on Tuesday to snap a two-day losing streak, with the market capitalization gaining 1.6 percent to reach $1.08 trillion.
As of 1310 hours GMT, Bitcoin, the world’s oldest and most valued cryptocurrency, gained 1.7 percent in the last 24 hours to reach $26,108. The market capitalization of the biggest crypto has reached $508.7 billion with this increase. Bitcoin has been 1.2 percent up in the past seven days.
Bitcoin’s value dipped to approximately $24,930 before finding stability around $25,000. Consequently, the total valuation of the cryptocurrency market dropped below $1 trillion, marking its lowest point since March of this year. Nevertheless, the market swiftly recovered.
Similarly, Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, gained 0.8 percent to reach $1,604. With this increase in price, the market capitalization of ETH has reached $192.8 billion. ETH has been 2 percent down in the past seven days.
Following suit, Binance Coin (BNB) price surged 1.7 percent to reach $212. The market capitalization of BNB has reached $32.6 billion with this increase. BNB has shed 1.7 percent of its value during the last seven days.
Ripple (XRP) price increased by 0.9 percent in the past 24 hours to reach $0.478. The market capitalization of XRP stands at $25.4 billion with this increase. XRP has lost 5 percent of its value during the last seven days.
Meanwhile, Cardano (ADA) price went up by 1.7 percent to reach $0.248. With this increase in price, its market capitalization has reached $8.7 billion. ADA has shed 3.2 percent of its value during the last seven days.
Other popular altcoins including Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL) saw a mix of red and green across the board. Trust Wallet Token (TWT) went on to become the biggest gainer, with a 24-hour jump of over 8 percent. Arbitrum (ARB) became the biggest loser, with a 24-hour dip of over 5 percent.
