Bitcoin, the largest cryptocurrency by market cap, was down by 0.53 per cent at $41,971.02. Ethereum was down by 1.77 per cent at $2,863.29.
Cryptocurrencies. (Reuters image)
Prices of popular cryptocurrencies Bitcoin and Ethereun fell as the global crypto market was treading in red amid escalating tension between Russia and Ukraine, according to details on coindesk.
Bitcoin, the largest cryptocurrency by market cap, was down by 0.53 per cent at $41,971.02. Ethereum was down by 1.77 per cent at $2,863.29.
While XRP was down by 3.25 per cent at $0.792912, Solana was down by 1.98 per cent at $93.34.
Terra was down by 1.25 per cent at $52.77, Cardano fell by 1.46 per cent to $1.03. Avalanche fell by 5.21 per cent at $77.69, Stellar was down by 3.44 per cent at $0.207916, and Polkadot was down by 4.23 per cent at $18.25.
While Polygon’s price fell by 3.31 per cent at $1.63, and Chainlink was down by 3.14 per cent at $15.40.
Other alt coins, Dodgecoin was down by 0.78 per cent at $0.145381 and Shiba Inu fell by 2.34 per cent at $0.000029.
“The global market cap and trading volume fell by nearly 2 per cent and 7 per cent over the last day. Bitcoin and Ethereum dipped below US$42,000 and US$3,000 levels in the past 24 hours. According to the market cap, most altcoins dropped into the red over the weekend,” Edul Patel, CEO and Co-founder, Mudrex said.
“This situation could be due to the ongoing pressure of war with Russia. Since there are no conditions of BTC being oversold, it can keep the short-term buyers active in the market. The support price of BTC ranges between US$35,000 to US$40,000, which could stabilize the pullbacks,” Patel said.
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