The cryptocurrency market remained mixed on Tuesday, with market capitalisation inching 0.1 percent up to $1.99 trillion.
As of 1330 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price dipped by 1.39 percent to $40,480. With this decrease in price, the market capitalisation of the biggest crypto has reached $766.5 billion. Bitcoin has shed 13 percent of its value during the last seven days.
Ether (ETH), the world’s second-largest cryptocurrency by market capitalisation, edged up by 0.80 percent to $3,068. With this increase in price, the market capitalisation of ETH has reached $361 billion. ETH has been 12.7 percent down in the past seven days.
Similarly, XRP price surged by 1.40 percent to reach $0.720. The market capitalisation of XRP stands at $71.9 billion with this increase. XRP has shed 13.1 percent of its value during the last seven days.
Likewise, Cardano (ADA) price surged by 1.98 percent to reach $0.970. Its market capitalisation has reached $32 billion with this increase. ADA has shed 19.7 percent of its value in the past seven days.
Similarly, Avalanche (AVAX) price jumped by 5.5 percent to $79.16. With this increase in price, the market capitalisation of AVAX has reached $21.2 billion. AVAX has shed 17.1 percent of its value during the last seven days.
Following suit, Dogecoin (DOGE) price increased by 1.63 percent to $0.144. With this increase in price, the market capitalisation of DOGE has reached $19 billion. DOGE has shed 3.4 percent during the last seven days.
Meanwhile, cryptocurrency trading volumes in India continue to slide after the government began taxing crypto income at 30 percent without allowing any loss offsets or deductions. In addition, MobiKwik reportedly withdrew its services across exchanges on April 1 amid unclear regulations. Mobikwik was one of the preferred methods of payment to purchase cryptocurrencies at exchanges. —TLTP
