A crypto crash continues for the fifth straight day on Monday due to back to back statements of Tesla CEO Elon Musk.
As of 1145 hours GMT, bitcoin, the world’s biggest cryptocurrency, shed 7.70 percent to reach $45,465. With this decrease in price, the market capitalisation of the BTC has reached $846 billion.
The price of bitcoin sank to as low as $42,441 a coin earlier in the day in its biggest slump in more than three months, and one of its biggest drops in value since the price first began to soar in January.
Likewise, ethereum (ETH) shed 8.60 percent to reach $3,495. With this decrease in price, the market capitalisation of ETH has fallen to $405 billion.
Similarly, Binance Coin (BNB) shed 8.72 percent to reach $536. The market capitalisation of BNB stands at $82 billion after this decrease.
Likewise, dogecoin (Doge) shed 4.88 percent to reach $0.5039. With this decrease in price, the market capitalisation of Doge reached $65 billion. —Agencies