Islamabad
The cryptocurrency market remained on downward trend for the third day in a row on Saturday, with the market capitalisation shedding 2.2 percent to reach $2.67 trillion as of 1330 hours GMT.
Bitcoin, the largest cryptocurrency that hit $66,976 on Wednesday last – the highest ever level – faced further correction. Bitcoin shed 3.23 percent to reach $61,393. With this decrease in price, the market capitalisation of the biggest cryptocurrency has reached 1.156 trillion.
Similarly, ether (ETH) price, which hit a record price of $4,380 before seeing a harsh rejection, shed 2.21 percent to reach $4,025. With this decrease in price, the market capitalisation of ETH has reached $472.5 billion.
Following suit, XRP price shed 1.29 percent to reach $1.09. The market capitalisation of XRP stands at $108.9 billion after this decrease.
Likewise, cardano (ADA) price shed 1.33 percent to reach $2.15. Its market capitalisation has fallen to $69.7 billion with this decrease.
On the other hand, dogecoin (Doge) price went up by 0.37 percent to reach $0.245. With this increase in price, the market capitalisation of doge has reached $32.2 billion.
According to experts, bitcoin has stalled out after reaching a record on Wednesday.—TLTP
