BTC, ETH, XRP Dive, Japan Reclassifies Crypto as Financial Assets

Bitcoin, Ethereum, Binance Coin, Ripple, and other altcoins declined amid selling pressure despite optimism from Japan’s reclassification of cryptocurrencies as financial assets.

Trading data from across crypto exchanges showed Bitcoin (BTC) has declined to $64.1k, Ethereum (ETH) is down to $1.87k, and Binance Coin (BNB) is down below $577 while Ripple’s XRP has broken the $1.10 support level.

The total crypto market capitalisation fell 1.4% to $2.29 trillion. Bitcoin fell 0.9% over 24 hours, trading at $64,800, while Ethereum fell 2.1% to $1,890.

Most sectors declined between 1% and 3%, with the exception of the Real-World Asset (RWA) and Layer 2 sectors, which recorded…