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The cryptocurrency fluctuated as traders sought direction in the wake of one of the biggest one-day selloffs this year. A virtual currency used by members of the social network Hub Culture for the purchase of goods and services.

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Terra and Polkadot were holding mild gains whereas Cardano shed 6 per cent. The bitcoin price lost more than 5 in a matter of hours this week taking its decline from all-time highs of around 69000 per bitcoin to 20 and plunging bitcoin into a technical bear market. As many as six out of the top 10 digital tokens were trading lower at 930 IST.

The cryptocurrency market extended its losses on Tuesday ahead of the much-awaited US Fed meeting as investors sought signals for tapering and rate hikes. IStock Bitcoin price swung between gains and losses around the 50000 level as traders sought direction in the wake of one of the biggest one-day selloffs.

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