Cryptocurrency market trading down early Tuesday morning
Fox Business Flash top headlines for June 7
Check out what’s clicking on FoxBusiness.com.
Cryptocurrency was trading down early Tuesday morning as all of the major currencies are down in the last 24 hours, Coindesk reported.
At 5:30 a.m., Bitcoin was trading at $32,827, down 9.72% in that time period.
In addition, Ethereum, XRP and Cardano are down around 10%. Dogecoin, Coindesk reported, is down nearly 12%.
EL SALVADOR WILL BE FIRST COUNTRY TO ADOPT BITCOIN AS LEGAL TENDER
Nearly one month ago, on May 9, Bitcoin was trading at $59,356, but the cryptocurrency has made a steady decline since that day.
On Saturday, El Salvador President Nayib Bukele announced plans to introduce legislation that will make his country the world’s first to adopt Bitcoin as legal tender along with the U.S. dollar.