The cryptocurrency market tumbled on Thursday due to expectations of tightening monetary policy in the US and a hack attack a day earlier, resulting in a crypto theft worth more than $320 million.
As of 1305 hours GMT, the market capitalisation shed 5.6 percent to reach $1.76 trillion. The largest cryptocurrency Bitcoin’s (BTC) price shed 5.43 percent to reach $36,622. With this decrease in price, the market capitalisation of the biggest crypto has reached $693 billion.
Bitcoin price decreased by 1.1 percent during the last seven days and briefly plunged below $33,000 last week to its lowest level since July.—TLTP
