The cryptocurrency market turned bearish on Tuesday amid fears of recession and rising inflation, with market capitalisation losing 3.7 percent to reach $1.32 trillion.
As of 1155 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price reached $29,308, reflecting a drop of 3.7 percent. With this decrease in price, the market capitalisation of the biggest crypto has reached $558 billion. Bitcoin has shed 2 percent of its value over the last seven days. Bitcoin is showing a consistent drop and its dominance has decreased by 0.29 percent over the day to 44.23 percent.—TLTP
