Cryptocurrency rushes down again, ignoring positive from Bahrain

Major cryptocurrencies are declining in price on Tuesday; market fluctuations continue, during whichquotes are constantly moving from positive to negative.

Meanwhile, the positive news for the market wasnews that the Central Bank of Bahrain has begun to license cryptocurrency exchanges. In particular, the CoinMENA trading platform received a work permit. Now she will also be able to work in the UAE, Saudi Arabia, Kuwait and Oman.

The trading line of the crypto-exchange is represented by such cryptocurrencies as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and XRP.

CoinMENA plans to hold negotiations with regulators in other countries in order to obtain appropriate permits to work in new jurisdictions.

Despite this market-friendly news,Bitcoin exchange rate per day, according to Libertex, decreased by 3.3% - to $32,253 with a capitalization of $596.8 billion. Ethereum fell in price by 6.3% to $1,338 with a capitalization of $153.3 billion. XRP fell in price by 3.9% to $0.2674, its capitalization amounted to $12.2 billion. Litecoin weakened by 6.3% to $136.4 with a capitalization of $9 billion.

The total cryptocurrency market capitalization reached $ 949.3 billion.

According to financial scouts, the market will soonwill continue to hesitate and constantly change direction. At the same time, one can expect that Bitcoin is unlikely to move far from the $ 33,000 mark soon, Ethereum will hold near the $ 1,300 level, XRP - near the $ 0.25 mark, and Litecoin - about $ 135.