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Bitcoin falls to $48,530 as bears embrace cryptos

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The cryptocurrencies turned bearish on Monday, bringing market capitalisation 2.2 percent down to $2.34 trillion as of 1350 hours GMT.

The largest cryptocurrency Bitcoin price went down by 2.4 percent to $48,530. With this decrease in price, the market capitalisation of the biggest cryptocurrency has reached 918 billion.

Ether, the world’s second-largest cryptocurrency by market capitalisation, edged down by 1.41 percent to reach $3,978. With this decrease in price, the market capitalisation of ETH has reached $467.6 billion.Similarly, XRP price inched down by 0.41 percent to $0.823. The market capitalisation of XRP stands at $82.2 billion after this decrease.—T LTP

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