The cryptocurrency market turned towards profit-taking on Thursday after surging for two days, with market capitalisation shedding 3.2 percent to reach $1.75 trillion.
The crypto market struggled following the Federal Reserve meeting a day earlier, as expected tightened monetary policy in March led to a drop in cryptocurrencies’ prices.
As of 1300 hours GMT, the largest cryptocurrency Bitcoin’s price shed 2.94 percent to reach $36,733. With this decrease in price, the market capitalisation of the biggest crypto has reached $695.6 billion. Bitcoin briefly plunged below $33,000 on Monday to its lowest level since July.—TLTP
