Cryptocurrency prices today: Bitcoin slides further as global crypto market dips

Cryptocurrency prices today: Bitcoin slides further as global crypto market dips

The global crypto market cap is down 2 percent to $1.97 trillion over the previous day, according to coinmarketcap.com

Bitcoin has decreased 1 percent in the last 24 hours to $41,827. Ethereum has lost 3 percent and is priced at around $3,109.

Bitcoin, the world’s most popular cryptocurrency, traded at $41,761.80 or 1.22 percent lower than its value 24 hours ago at 12:10 pm. Bitcoin’s market capitalization fell below $800 billion and the 24-hour trade volume remained steady at $900 million.

Ether, the native token on the Ethereum platform and the second-most popular cryptocurrency, also fell over the past 24 hours. It traded just above $3,100 or 2.80 percent lower at the time of publication.

The global crypto market cap is down 2 percent to $1.97 trillion over the previous day, according to coinmarketcap.com

Bitcoin has decreased 1 percent in the last 24 hours to $41,827. Ethereum has lost 3 percent and is priced at around $3,109.

Cryptocurrency Prices

The popular cryptocurrency’s market capitalization fell to $356 billion and the 24-hour trade volume was $734.10 million.

All other smaller cryptocurrencies took a hit due to the weak momentum seen across the virtual coin markets across the globe. Market watchers have asked crypto investors to proceed with caution as the situation remains volatile.

Commenting on the current trend in the cryptocurrency market, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto investment platform, said, “The global crypto market cap dipped by 1 percent, while the market volume has increased by 1 percent in the past 24 hours.”

The global crypto market cap has been down by 3 percent over the past day. The total market volume has increased by 12 percent. Bitcoin is currently being traded below the US $42,000. BTC’s (Bitcoin) dominance fell below the 40 percent mark, giving altcoins supporters a boost,” said Edul Patel, CEO, and co-founder of Mudrex.

The global crypto market cap was standing at $1.98 trillion at the time of writing this article according to CoinMarketCap data. This was a 0.58 percent fall in the last 24 hours. The global crypto volume, however, rose slightly over the past day as more traders sold their coins. The total volume of traded coins amounted to $82.02 billion over the course of the last day. This has risen by 4.39 percent over the last 24 hours, said data. 

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