Regulation pressure hits cryptos as bitcoin slips to $39,104

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Islamabad

The major cryptocurrencies went down amid increasing global pressure for regulations and the market capitalisation decreased by 3.3 percent to reach $1.67 trillion as of 13:20 GMT on Wednesday.

The price of bitcoin (BTC), the largest cryptocurrency, shed 2.94 percent to reach $39,104. With this decrease in price, the market capitalisation of the BTC has reached $732 billion.

Likewise, ethereum (ETH) price decreased by 5.56 percent to reach $2,447. With this decrease in price, the market capitalisation of ETH has reached $284 billion. Similarly, XRP shed 4.77 percent to reach $0.839.

The market capitalisation of XRP stands at $83.8 billion after this decrease. On the other hand, Cardano (ADA) price reached $1.51 with a 4.21 percent fall in its price. Its market capitalisation has reached $48.6 billion with this decrease. —TLTP

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