Bitcoin slumps as crypto market capitalisation dips below $1tn – The National

  • Date: 07-Sep-2022
  • Source: The National
  • Sector:Financial Markets
  • Country:UAE
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Bitcoin slumps as crypto market capitalisation dips below $1tn – The National

Bitcoin is flirting with a test of this year’s lows following a cryptocurrency selloff that again pushed the sector’s overall market value below $1 trillion.

The largest digital token has shed more than 6 per cent so far this week and was trading at about $18,775 at 11.41am UAE time.

Crypto market capitalisation has fallen by a similar proportion in the past 24 hours, according to CoinGecko.