Bitcoin keeps $50,000 level intact despite profit-taking

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Islamabad

The cryptocurrency market turned to profit-taking activity on Saturday; however, the overall market remained in green zone with cap gaining 0.1 percent to reach $2.36 trillion as of 1225 hours GMT. The price of bitcoin (BTC), the largest cryptocurrency, shed 0.38 percent to reach $50,033.

With this decrease in price, the market capitalisation of the biggest cryptocurrency reached $940.9 billion.

Likewise, ethereum (ETH) snapped its days-long winning streak and shed 1.10 percent to reach $3,905. With this decrease in price, the market capitalisation of ETH has reached $457.7 billion.

On the other hand, XRP shed 0.04 percent to reach $1.27. The market capitalisation of XRP stands at $127.1 billion after this decrease.

Following the suit, cardano (ADA) turned to profit booking and shed 1.70 percent to reach $2.93. Its market capitalisation has reached $94.8 billion after this decrease.

Similarly, dogecoin (Doge) price went down by 0.24 percent to reach $0.298. With this decrease in price, the market capitalisation of doge has reached $39 billion.—TLTP

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