Cryptocurrencies saw an increase during Tuesday’s trading, with Bitcoin rising above the $113,000 level, despite ongoing concerns among investors due to political and economic turmoil in the United States.
The price of Bitcoin increased by 2.10% to reach $113,138.65 at 07:56 PM Mecca time, after previously dropping to $107,508.
Ethereum also rose by 1.71% to $4,048.55, while Dogecoin, supported by Elon Musk, increased by 1.27% to $0.2017. Conversely, Ripple declined by 0.68% to $2.50.
Overall, the market capitalization of cryptocurrencies grew by 2.65% to reach $3.8 trillion. However, the “CoinMarketCap” fear and greed index recorded 33 points, indicating that fear persists among investors.
The cryptocurrency market continues to face hesitation from institutional investors, as Bitcoin and Ethereum exchange-traded funds experienced a net outflow of $186.1 million yesterday, reflecting negative performance for the third consecutive day.
_______________________________________________________________________________________________________
Check out the latest Stocks and Indices News.
Check out the latest Commodities News.
Check out the latest Cryptocurrency News.
Check out the latest Energy News.
