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Home Business Bitcoin falls to $54,614 as cryptos turn bearish

Bitcoin falls to $54,614 as cryptos turn bearish

by News desk
October 14, 2021
in Business

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Islamabad

The cryptocurrency market turned bearish on Wednesday, with the market capitalisation shedding 1.2 percent to reach $2.36 trillion as of 1105 hours GMT.

Bitcoin, the largest cryptocurrency which rallied above $57,000 for the first time since May a day earlier, shed 4.49 percent to reach $54,614. With this decrease in price, the market capitalisation of the biggest cryptocurrency has fallen to 1.028 trillion.

Similarly, ether (ETH) price shed 0.30 percent to reach $3,446. With this decrease in price, the market capitalisation of ETH has reached $404.5 billion.However, XRP price gained 0.20 percent to reach $1.09. The market capitalisation of XRP stands at $108.7 billion after this increase. — TLTP