Bitcoin nears $42,000 as cryptos snap 6-day losing streak

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The cryptocurrency market snapped the six-day losing streak on Tuesday, with market capitalisation gaining 0.4 percent to reach $2.06 trillion.

As of 1220 hours GMT, the largest cryptocurrency Bitcoin’s price went up by 1.20 percent to $41,909. With this increase in price, the market capitalisation of the biggest crypto has reached $793.1 billion.

The world’s biggest digital asset fell for eight straight days, marking its longest losing streak since 2018, before this recovery. Bitcoin dipped below $40,000 for the first time since late September a day earlier.

Ether, the world’s second-largest cryptocurrency by market capitalisation, gained 1.29 percent to reach $3,132. With this increase in price.—TLTP

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