Bitcoin skids to $38,473 in lacklustre market

The cryptocurrency market remained on the downward slide on Sunday and its capitalisation decreased by 1.4 percent to $1.8 trillion.

As of 1310 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price slipped by 1.88 percent to reach $38,473. With this decrease in price, the market capitalisation of the biggest crypto has reached $728.5 billion. Bitcoin has shed 2.3 percent during the last seven days.

Ether, the world’s second-largest cryptocurrency by market capitalisation, dipped by 1.98 percent to reach $2,539. With this decrease in price, the market capitalisation of ETH has reached $298.8 billion. Ether has shed 4.6 percent of its value over the last seven days.

Similarly, XRP price decreased by 1.10 percent to reach $0.780. The market capitalisation of XRP stands at $78 billion with this decrease. XRP has gained 3.6 percent during the last seven days.

On the other hand, Cardano (ADA) price inched down by 0.32 percent to reach $0.793. Its market capitalisation has reached $26.1 billion with this decrease. ADA shed 8.5 percent in the past seven days. However, Dogecoin (DOGE) price shed 2.95 percent to reach $0.113. With this decrease in price, the market capitalisation of DOGE has reached $15 billion. DOGE has lost 9.8 percent during the last seven days.

Meanwhile, Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian licence.