Bitcoin staggers to $38,161 as cryptos plummet

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The cryptocurrency market continued going down on Sunday as fears of a possible Ukraine invasion by Russia weighed on risk assets. As of 1420 hours GMT, the market capitalisation of cryptocurrencies shed 3.8 percent to reach $1.82 trillion.

The largest cryptocurre ncy Bitcoin’s (BTC) price shed 4.52 percent to reach $38,161. With this decrease in price, the market capitalisation of the biggest crypto has reached $722 billion. Bitcoin shed 9.4 percent during the last seven days.

Ether, the world’s second-largest cryptocurrency by market capitalisation, shed 4.34 percent to reach $2,618. With this decrease in price, the market capitalisation of ETH has reached $308 billion. —TLTP

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