Bitcoin dives to $38,894 as bears return

26

The cryptocurrency market turned bearish on Wednesday, with market capitalisation shedding 3.7 percent to reach $1.87 trillion.

As of 1335 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price slipped by 3.3 percent to $38,894. With this decrease in price, the market capitalisation of the biggest crypto has reached $738.8 billion. Bitcoin has shed 6.3 percent of its value during the last seven days.

Ether (ETH), the world’s second-largest cryptocurrency by market capitalisation, slipped by 3.4 percent to $2,868. With this decrease in price, the market capitalisation of ETH has reached $345 billion.—TLTP

Previous articlePakistan’s exports to US increased by 40.27pc in 3 quarters
Next articlePak earns $360m from travel services’ export