Bitcoin falls to $40,462 as cryptos plunge

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The cryptocurrency market reversed a three-day winning streak on Friday, with market capitalisation shedding 4.5 percent to reach $1.98 trillion, dropping below the $2 trillion mark for the second time during the week.

As of 1335 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price dipped by 5.53 percent to $40,462. With this decrease in price, the market capitalisation of the biggest crypto has reached $766 billion. Bitcoin has gained 1.1 percent of its value during the last seven days.

Ether (ETH), the world’s second-largest cryptocurrency by market capitalisation, dipped by 5.11 percent to $3,004. —TLTP

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