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Bitcoin jumps to $40,361 as cryptos snap losing streak

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The cryptocurrency market reversed days-long losing streak on Tuesday, with market capitalisation gaining 3.7 percent to reach $1.96 trillion.

As of 1305 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price surged by 3.9 percent to $40,361. With this increase in price, the market capitalisation of the biggest crypto has reached $767.8 billion. Bitcoin has shed 1.2 percent of its value during the last seven days.

Ether (ETH), the world’s second-largest cryptocurrency by market capitalisation, surged by 4.4 percent to $2,987. With this increase in price, the market capitalisation of ETH has reached $360.8 billion. ETH has been 2.3 percent down in the past seven days. —TLTP

 

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