Baku: A decline has been observed in major assets in the cryptocurrency market, APA-Economics reports, citing the CoinMarketCap platform. The capitalization of the global cryptocurrency market decreased by 2.06% over the past 24 hours to $2.53 trillion.
According to Azeri-Press News Agency, in daily dynamics, the price of Bitcoin fell by 2.17% to $75,583, while its market capitalization amounted to $1.51 trillion. Gold-backed tokens such as Tether Gold decreased by 1.03% to $4,549, and PAX Gold declined by 1.07% to $4,544.
A decline has also been observed in the price of Ethereum. The crypto asset fell by 3.61% to $2,243. The price of BNB decreased by 2.03% to $615, while Bitcoin Cash dropped by 2.32% to $443. Monero declined by 1.37% to $375, Zcash fell by 2.50% to $330, and Bittensor dropped by 4.92% to $249. Over the past 24 hours, the CoinMarketCap 20 Index also recorded a 1.94% decrease.
Note that the decline in the market is mainly associated with investors moving away from risky assets and increasing uncertainty in global financial markets.