Daily Times

The cryptocurrency market edged lower on Tuesday, with the market capitalization losing 0.3 percent to reach $1.73 trillion.

As of 1110 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, went down by 1.3 percent in the last 24 hours to reach $42,622. The market capitalization of the biggest crypto has reached $834.6 billion with this decrease. Bitcoin has been 1.3 percent down in the past seven days.

A breach above the $43,600 level could lead BTC to the $44,300 mark, with support currently holding at $42,600. The year-to-date performance showcases an impressive 162 percent gain for Bitcoin. After making its 18-month high on 8th December, BTC has continuously been consolidating in a rather tight range with both bulls and bears now waiting dormant for a breakout on either end.

Similarly, Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, shed 1.7 percent to reach $2,237. With this decrease in price, the market capitalization of ETH has reached $269 billion. ETH has shed 0.1 percent of its value during the last seven days. Ether price has made an 89 percent increase for the year.

On the other hand, Solana continued its rally and its price jumped 3 percent to reach $115. With this increase in price, its market capitalization has reached $49.2 billion. SOL has gained 52.7 percent of its value during the last seven days. Now Solana is the third biggest crypto after BTC and ETH in terms of market capitalization, snatching the slot from Binance Coin.

On the other hand, Binance Coin (BNB) price surged by 8.4 percent to reach $286. The market capitalization of BNB has reached $44.2 billion with this increase. BNB has gained 14.4 percent of its value during the last seven days. On the other hand, the price of Ripple (XRP) decreased by 2.7 percent to reach $0.621. The market capitalization of XRP stands at $33.7 billion with this decrease. XRP has gained 1.9 percent of its value during the last seven days.