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Home Business Crypto crash continues over Musk’s statement, Buterin’s moves

Crypto crash continues over Musk’s statement, Buterin’s moves

by News desk
May 16, 2021
in Business

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Islamabad

A crypto crash continues for the third straight day on Saturday with several of the most popular cryptocurrencies taking a beating.

As of 1220 hours GMT, bitcoin, the world’s biggest cryptocurrency, shed 3.27 percent to reach $48,724. With this decrease in price, the market capitalisation of the BTC has reached $914 billion.

Likewise, ethereum (ETH) shed 2.49 percent to reach $3,870. With this decrease in price, the market capitalisation of ETH has fallen to $450 billion.

On the other hand, Binance Coin (BNB) shed 3.09 percent to reach$583. The market capitalisation of BNB stands at $90 billion after this decrease.

Likewise, dogecoin (Doge) shed 5.49 percent to reach $0.5137. With this decrease in price, the market capitalisation of Doge reached $60 billion.

Similarly, Tether (USDT) reached $1 with 0.02 percent decrease in its price. Its market capitalisation has reached $58 billion with this decrease.—Agencies