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Sunday, November 24, 2024

Home Business Bitcoin slips to $48,305 amid profit taking

Bitcoin slips to $48,305 amid profit taking

by News desk
August 30, 2021
in Business

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Islamabad

The cryptocurrency market turned to profit-taking on Sunday, with the market capitalisation shedding 0.8 percent to reach $2.16 trillion as of 1215 hours GMT.

The price of bitcoin (BTC) shed 0.83 percent to reach $48,305. With this decrease in price, the market capitalisation of the biggest cryptocurrency slipped to $908.1 billion.

The investors remain wary ahead of the month’s end expiry of $1.8 billion BTC options, justifying the pullback in Bitcoin price.

Likewise, ethereum (ETH) price shed 1.26 percent to reach $3,194. With this decrease in price, the market capitalisation of ETH has reached $374.3 billion.— (TLTP)