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Home Business Bitcoin drops to $46,864 as market turns to profit-taking

Bitcoin drops to $46,864 as market turns to profit-taking

by News desk
August 18, 2021
in Business

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Islamabad

The cryptocurrency market turned to profit-taking on Tuesday, with the market capitalisation decreasing by 1.1 percent to $2.08 trillion as of 1130 hours GMT.

The price of Bitcoin (BTC), the largest cryptocurrency, reached $46,864 after shedding 1.42 percent. With this decrease in price, the market capitalisation of the BTC has reached $880.4 billion.

Likewise, ethereum (ETH) price slipped by 1.36 percent to reach $3,250. With this decrease in price, the market capitalisation of ETH has reached $380.5 billion.

Following the suit, XRP shed 6.57 percent to reach $1.20. The market capitalisation of XRP stands at $120.6 billion after this decrease. —TLTP