The cryptocurrency market turned bearish on Sunday, with market capitalisation shedding 0.5 percent to reach $1.81 trillion.
As of 1420 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price shed 0.75 percent to reach $37,837.
With this decrease in price, the market capitalisation of the biggest crypto has reached $716.5 billion. Bitcoin price increased by 7.7 percent during the week and briefly plunged below $33,000 on Monday last to its lowest level since July.
It is still down almost 50 percent from a record high of nearly $69,000 in November. Bitcoin fell as much as 25% in the past month, while the crypto market has lost upward of $1 trillion in market capitalisation in the same period.
Ether, the world’s second-largest cryptocurrency by market capitalisation, slipped by 0.17 percent to reach $2,597.—TLTP
