The cryptocurrency market remained on a downward slide on Sunday, with the market capitalization losing 0.9 percent to reach $1.7 trillion. As of 1050 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, shed 0.5 percent in the last 24 hours to reach $43,686. The market capitalization of the biggest crypto has reached $854.6 billion with this decrease. Bitcoin has been 10.8 percent up in the past seven days. Bitcoin tapped new 19-month highs of $44,490 on Wednesday last. The price was fueled by optimism that the SEC will approve a spot ETF in the same year of BTC’s next quadrennial halving. Similarly, Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, shed 1.3 percent to reach $2,339. With this decrease in price, the market capitalization of ETH has reached $280.8 billion. ETH has gained 8.1 percent of its value during the last seven days. On the other hand, Binance Coin (BNB) price dipped by 1.2 percent to reach $239. The market capitalization of BNB has reached $36.8 billion with this decrease. BNB has gained 4.9 percent of its value during the last seven days. Following suit, the price of Ripple (XRP) decreased by 3.8 percent to reach $0.656. The market capitalization of XRP stands at $35.5 billion with this decrease. XRP has gained 6 percent of its value during the last seven days.
Bitcoin slips to $43,686 as market slides
