Some of the major cryptocurrencies like Ether, Bitcoin, Dogecoin, and Binance coin have lost their momentum and declined significantly during early trade on Tuesday!
Ethereum stands at the top spot out of all the cryptocurrencies by plunging down almost 7% to $2,905.85. Ether has kept tanking down since the start of September. On the other hand, the world’s largest cryptocurrency, Bitcoin, stands at second with a 4% decline in its price. Currently, it is at $42,188.41, much below its rate of $65,000 earlier in April.
The controversial crypto Dogecoin disheveled 3% to $0.19, whereas Cardano prices also declined 4% to $2.09. On the other hand, other cryptocurrencies like Solana, XRP, Litecoin, and Stellar also declined over the last day.
To sum it all up, the global crypto market fell 3.65% over the last day and caps at $1.8 trillion, whereas the total crypto market volume over the last day remained at $97.32 billion, down 14.64%. According to the COO of WazirX, Siddhart Menon, the cryptocurrency market is just below $2 trillion, and the volumes have been relatively stable over the past few weeks.
Meanwhile, crypto services providers and exchanges are in the process of finishing ties with Chinese mainland clients after the last Friday’s incident of Beijing issuing a ban on all crypto mining and trading. Click here to learn more!
Stay tuned to get the latest crypto news and updates to make wiser decisions in your investment!