The Cryptocurrency prices on Thursday trembled sharply. The global crypto market cap is US$2.04 trillion, an 8.43 percent decrease over the last day. Major cryptocurrencies like Bitcoin, Ethereum, and Cardano are running red.
Bitcoin, the world’s largest cryptocurrency, fell below $43,000 on Thursday, 6.43 per cent lower than its price 24 hours ago. Bitcoin’s market capitalisation plummeted to $815 billion and the 24-hour trade volume jumped to $1.93 billion due to profit booking by panicky investors.
Ethereum also witnessed a fall in value due to the global uncertainty surrounding Covid-19 and more aggressive stance taken by central banks around the globe.
Ether was trading at $3,471 or 8.67 per cent lower than its price 24 hours ago. Its market capitalisation fell to $408.51 billion and the 24-hour trade volume was $1.47 billion.