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Bitcoin reaches $50,728 as cryptos snap losing streak

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The cryptocurrency market ended a two-day bearish trend on Monday, with market capitalisation jumping 2 percent to reach $2.52 trillion. As of 1230 hours GMT, the largest cryptocurrency Bitcoin’s price went up by 1.92 percent to $50,728. With this increase in price, the market capitalisation of the biggest crypto has reached $959 billion.

Ether, the world’s second-largest cryptocurrency by market capitalisation, edged up by 0.49 percent to reach $4,056. With this increase in price, the market capitalisation of ETH has reached $477 billion. Similarly, XRP price gained 0.66 percent to reach $0.921. The market capitalisation of XRP stands at $92.1 billion after this increase.—TLTP

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