Why is the crypto market down today?
Today, the cryptocurrency market is experiencing a downturn as traders evaluate how the Depository Trust Company's decision to exclude Bitcoin ETFs from collateral recognition will affect price.
The cryptocurrency market is down today, with the total market capitalization falling by 2.82% to $2.23 trillion on April 29.
Bitcoin $BTC $62,640 , the largest cryptocurrency by market capitalization, has fallen 1.84% to around $61,940. Meanwhile, Ether ETH $3,168 ,the second-largest crypto, has underperformed Bitcoin and the rest of the market, dipping 3.28% to trade around $3,155 on the same day.
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