The global crypto market was down and is appearing to slide further after recent rally. The world’s most popular cryptocurrency crypto currencies, Bitcoin and Ethereum are trading in the red, according to details on coindesk.
The U.S has seized $3.6 billion in cryptocurrency that was stolen in a 2016 hack of Bitfinex, a virtual currency exchange, Reuters reported.
BITCOIN, ETHEREUM DOWN
While Bitcoin was trading at $43,427.36, down by 2.20 per cent, Ethereum was down by 2.93 per cent at $3,079.61.
OTHER CRYPTO FELL
Dodgecoin was down at $0.155694, down by 6.47 per cent, Polygon was trading at $1.91, down by 5.73 per cent, Shiba Inu was down by 9.53 per cent, and Chainlink was down by 6.62 per cent at $17.96.
Other cryptocurrencies such as Terra was down by 5.96 per cent at $55.42, Cardano was trading at $1.18, down by 5.23 per cent, Stellar was down by 6 per cent, and Polkadot was trading by 6.19 per cent at $21.31.
GLOBAL CRYPTO MARKET
“The global crypto market cap and trading volume fell by 15 per cent and 24 per cent in the past 24 hours. Bitcoin and Ethereum dropped a bit into the red. BTC and ETH are currently trading at US$43,000 and US$3,000. BTC reached its high of US$45,000 on Tuesday, near a resistance zone that led up to the current pullback. The lower support price stands at US$40,000,” Edul Patel, CEO and Co-founder of Mudrex said.
“According to the market cap, the top cryptocurrencies also witnessed a drop. At the same time, UNUS SED LEO has gained nearly 51 per cent, recording a vast growth outperforming the crypto market. This jump appears to be related to the seizure of stolen crypto assets that formerly belonged to Bitfinex users,” Edul Patel said.
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