Bitcoin falls to $38,950 amid uncertainties


The cryptocurrency market slumped on Thursday amid ongoing uncertainty about inflation and oil prices due to the ongoing Russia-Ukraine war.

As of 1400 hours GMT, the market capitalisation decreased 5.5 percent to reach $1.82 trillion. The largest cryptocurrency Bitcoin’s (BTC) price went down by 7.07 percent to reach $38,950. With this decrease in price, the market capitalisation of the biggest crypto has fallen to $737.5 billion. Bitcoin has shed 11.3 percent during the last seven days.

Ether, the world’s second-largest cryptocurrency by market capitalisation, dipped by 5.47 percent to reach $2,579. —TLTP

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