{"id":373809,"date":"2023-12-12T09:37:12","date_gmt":"2023-12-12T04:37:12","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=373809"},"modified":"2023-12-12T09:37:12","modified_gmt":"2023-12-12T04:37:12","slug":"bitcoin-falls-to-42338-as-market-retains-bearish-trend","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/bitcoin-falls-to-42338-as-market-retains-bearish-trend\/","title":{"rendered":"Bitcoin falls to $42,338 as market retains bearish trend"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nThe cryptocurrency market remained on a downward slide for the second straight session on Monday, with the market capitalization losing 3.1 percent to reach $1.65 trillion.<br \/>\nAs of 1220 hours GMT, the price of Bitcoin, the world\u2019s oldest and most valued cryptocurrency, shed 3.2 percent in the last 24 hours to reach $42,338. The market capitalization of the biggest crypto has reached $828.4 billion with this decrease. Bitcoin has been 1.8 percent up in the past seven days.<br \/>\nBitcoin tapped new 19-month highs of $44,490 on Wednesday last. The price was fueled by optimism that the SEC will approve a spot ETF in the same year of BTC\u2019s next quadrennial halving. However, the price has been declining since then.<br \/>\nSimilarly, Ether (ETH), the world\u2019s second-largest cryptocurrency by market capitalization, shed 3.9 percent to reach $2,250.<br \/>\nWith this decrease in price, the market capitalization of ETH has reached $270.4 billion. ETH has gained 0.8 percent of its value during the last seven days.<br \/>\nOn the other hand, Binance Coin (BNB) price dipped by 0.6 percent to reach $238. The market capitalization of BNB has reached $36.3 billion with this decrease. BNB has gained 3.3 percent of its value during the last seven days.<br \/>\nFollowing suit, the price of Ripple (XRP) decreased by 4.8 percent to reach $0.626. The market capitalization of XRP stands at $33.8 billion with this decrease. XRP has gained 1.5 percent of its value during the last seven days.<br \/>\nSimilarly, Solana (SOL) price dipped by 3.2 percent to reach $69.58. With this decrease in price, its market capitalization has reached $29.7 billion. SOL has gained 12.9 percent of its value during the last seven days.<br \/>\nMeanwhile, Lugano, a Swiss City, announced the incorporation of the cryptocurrencies Bitcoin (BTC) and Tether (USDT) for tax and other municipal fee payments last week. According to the statement, Lugano citizens and companies can now pay their expenses by scanning the invoice QR code and leveraging their favorite mobile wallets.<br \/>\nLugano is not the first Swiss City to take this path. As early as 2021, Zug City had already begun accepting Bitcoin and Ethereum for tax settlements. The Canton of Zug and the municipality of Zermatt have already implemented the system. Switzerland has been ahead of the curve in adopting crypto assets for some time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD The cryptocurrency market remained on a downward slide for the second straight session on Monday, with the market capitalization losing 3.1 percent to reach $1.65 trillion. As of 1220 hours GMT, the price of Bitcoin, the world\u2019s oldest and most valued cryptocurrency, shed 3.2 percent in the last 24 hours to reach $42,338. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-373809","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin falls to $42,338 as market retains bearish trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/bitcoin-falls-to-42338-as-market-retains-bearish-trend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin falls to $42,338 as market retains bearish trend\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD The cryptocurrency market remained on a downward slide for the second straight session on Monday, with the market capitalization losing 3.1 percent to reach $1.65 trillion. As of 1220 hours GMT, the price of Bitcoin, the world\u2019s oldest and most valued cryptocurrency, shed 3.2 percent in the last 24 hours to reach $42,338. 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As of 1220 hours GMT, the price of Bitcoin, the world\u2019s oldest and most valued cryptocurrency, shed 3.2 percent in the last 24 hours to reach $42,338. 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