Bitcoin Posts Sharp Decline After Reaching Historic Highs
(MENAFN) After reaching historic highs on Monday, Bitcoin saw a sharp decline of 3.57% on Tuesday.
As of 1200 GMT, Bitcoin is trading at roughly $117,300, down from its Monday peak of over $123,000.
Data from CoinMarketCap indicates that the overall value of the global cryptocurrency market — including Bitcoin — contracted by about 3.38% in the last 24 hours, bringing the total market cap to approximately $3.67 trillion.
Despite the recent pullback, Bitcoin has surged nearly 25% since the beginning of the year, maintaining its position as the top cryptocurrency by market capitalization.
Ethereum, the second-largest digital asset by market cap, also faced a downturn, slipping 2.42% to reach $2,978.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
