Bitcoin breaks below $34,000 as cryptos lose 5.5pc market cap

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Islamabad

The prices of major cryptocurrencies went down on Sunday and market capitalisation of crypto market currencies decreased by 5.5 percent to reach $1.47 trillion as of 13:35 GMT.

The price of bitcoin (BTC), the largest cryptocurrency, dipped below $34,000 for the first time in two weeks, shedding 5.36 percent to reach $33,957. With this decrease in price, the market capitalisation of the BTC has reached $636 billion.

Likewise, ethereum (ETH) price decreased by 6.98 percent to reach $2,085. With this decrease in price, the market capitalisation of ETH has reached $242 billion.

Similarly, XRP shed 9.63 percent to reach $0.716. The market capitalisation of XRP stands at $71.6 billion after this decrease.

On the other hand, Cardano (ADA) price reached $1.34 with a 5.98 percent fall in its price. Its market capitalisation has reached $43 billion with this decrease. —TLTP

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