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Ethereum, Ripple extend losses as risk sentiment wanes
Most cryptocurrencies fell on Tuesday as the risk appetite weakened, with bitcoin tumbling below $90,000, while traders follow the latest developments on the trade war.
Trump surprised the markets with plans to enforce the tariffs on Canadian and Mexican imports next month, shrugging off recent negotiations.
The Conference Board survey showed the US consumer confidence index fell by 7 points to 98.3 points, missing estimates of 102.7.
Otherwise, the crypto platform Bybit was subject to a hack that took nearly $1.5 billion out of the platform.
The company’s CEO confirmed on X that the ethereum wallet was hacked after the ZachXBT website noticed a suspicious $1.5 billion transfer of ethereum to a foreign wallet.
Ethereum
Ethereum tumbled 5.7% on Coinmarketcap as of 20:59 GMT to $2492.
Ripple
Ripple shed 5.4% as of 20:59 GMT to $2.29.
Gold backs off record highs on profit-taking
Gold prices fell on Tuesday away from recent record highs on profit-taking even as the dollar dipped against most major rivals.
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