Major coins traded lower Tuesday evening as the global cryptocurrency market cap fell 0.5% to $1.07 trillion at press time.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC)
-2%
7.7%
$22,841.31
Ethereum (CRYPTO: ETH)
-2%
11.3%
$1,609.74
Dogecoin (CRYPTO: DOGE)
-2%
7.6%
$0.07
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
Lido DAO (LDO)
+12.5%
$2.3
Cronos (CRO)
+6.6%
$0.15
Oasis Network (ROSE)
+9.1%
$0.09
See also: How To Get Free Crypto
Why It Matters: Risk assets were seen in negative territory on Tuesday evening, with two of the largest cryptocurrencies in the red. The S&P 500 and Nasdaq closed 0.7% and 0.2% lower, respectively. Their futures were largely flat at press time.
Bitcoin’s third consecutive daily decline could be an indication that “recovery momentum is waning,” wrote Craig Erlam, a senior market analyst with OANDA.
Its movement will probably “ultimately depend on inflation,” the Federal Reserve, and any worrying news, he said.
“Perhaps the hesitancy is a sign that traders lack confidence that this is a bottom and the start of the good times returning.”
A significant piece of news that may have a bearing on Bitcoin price is the exit …
Full story available on Benzinga.com