Cryptocurrencies lose despite gains in global markets;  Bitcoin Falls 3.6%, Ethereum Slums 5.7%

Cryptocurrencies lose despite gains in global markets; Bitcoin Falls 3.6%, Ethereum Slums 5.7%

Bitcoin, the world’s largest and most popular virtual currency, fell 3.6 percent to $23,951.9. Its market value stood at $459.2 billion. The trading volume was almost $33 billion.

Major cryptocurrencies extended losses on Tuesday as the global crypto market capitalization fell 2.9 percent to $1.15 trillion from the day before.

Bitcoin, the world’s largest and most popular virtual currency, fell 3.6 percent to $23,951.9. Its market value stood at $459.2 billion. The trading volume was almost $33 billion. Bitcoin is up 0.6 percent in the last seven days.

Ethererum or Ether, the second largest virtual currency, was down 5.7 percent at $1,869.4 with a market capitalization of $228.6 billion. Ethereum trading volume was $19.9 in the last 24 hours. The crypto token has risen 5.3 percent in the last seven days.

Edul Patel, CEO and co-founder of Mudrex, said: “The level of immediate support

However, the meme-based virtual currency Dogecoin rose 0.1 percent on trading volume of $883.8 million. Shiba Inu was trading 3.8 percent lower at $0.000016, while Solana was down 7.2 percent at $43.1 billion.

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