Crypto market continues decline, Bitcoin and Ethereum in red as traders seek safe haven investments
The cryptocurrency market, and world’s largest token Bitcoin, were down for a second consecutive day, on October 12, after markets crashed following United States President Donald Trump’s additional 100 per cent tariffs on China.
Cryptocurencies market capitalisation is down to $3.7 trillion from record $4 trillion seen last week. The trading volume is at $250.02 billion, according to CoinMarketCap data.
Why is the crypto market down on October 12?
According to CoinMarketCap analysis, the broader crypto market fell 0.89 per cent over the last 24h, extending a seven-day decline of 11.5 per cent.
As per the analysis, the main reasons are geopolitical shock from Donald Trump’Trump’s additional 100 per cent tariffs on China and limit on US…
