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Cryptocurrency prices collectively declined at the beginning of trading on Tuesday, led by Bitcoin, due to profit-taking activity after the strong gains recorded in the past few days.
This decline came despite improved investor sentiment, with the United States announcing a trade agreement with China regarding mutual tariffs.
Global markets witnessed a strong surge during yesterday's trading, as fears of a global recession subsided and trade tensions eased, following the suspension of tariffs between the two countries for 90 days.
The price of Bitcoin fell by 2.42% today, reaching $101,566, after surpassing $104,000 in the past few days.
The market capitalization of the most popular cryptocurrency in the world declined to $2.03 trillion, while trading volume over the past 24 hours increased to $63.24 billion.
On a weekly basis, Bitcoin managed to add about 8.18% to its value, amid expectations of further rises during the remaining months of the current year.
Regarding the prices of other cryptocurrencies, the price of Ethereum dropped by 3.69% to reach $2,426, while the price of Binance Coin fell by about 1.80% to $643.
Cardano lost 5.24% of its value, trading at $0.7768, while Dogecoin recorded a decline of 7.97%, bringing its price to $0.219394.
