The prices of major cryptocurrencies plunged on Saturday, with the capitalisation of the crypto market decreasing by 6.01 percent to reach $1.28 trillion as of 14:00 GMT.
The price of Bitcoin (BTC), the largest cryptocurrency, slipped to $30,739 after shedding 6.97 percent. With this decrease in price, the market capitalisation of the BTC has reached $576 billion.
Likewise, ethereum (ETH) price shed 6.45 percent to reach $1,736. With this decrease in price, the market capitalisation of ETH has reached $202 billion.
Similarly, XRP shed 7.45 percent to reach $0.593. The market capitalisation of XRP stands at $59.3 billion after this decrease. On the other hand, Cardano (ADA) price reached $1.22 with a 7.14 percent gain in its price.
Its market capitalisation has reached $39.1 billion with this decrease. Similarly, Dogecoin (Doge) shed 8.35 percent to reach $0.236. With this decrease in price, the market capitalisation of Doge reached $30.6 billion.
On Friday, reports emerged of the disappearance of billions of dollars worth of Bitcoin from Africrypt—TLTP