The most popular cryptocurrencies are losing in value on Tuesday. According to the crypto trading platform Stormgain, the rates of decline reach 10%. This dynamics is observed against the backdrop of the global oil market collapse, where the cost of WTI oil futures for the first time in history reached negative values.
At the same time, market participants ignored a number of positive news about cryptocurrencies. In particular, it became known that China plans to launch a national digital currency for the 2022 Winter Olympics.
In addition, the US Commodity Futures Trading Commission (CFTC) allowed the Chicago Bitnomial exchange to act as a specialized contract market for trading bitcoin futures and options.
It is likely that in the near future the most popular cryptocurrencies will continue to ignore the positive news and will be guided by the pessimistic mood of investors in the global financial markets. In this case, Bitcoin may soon weaken to the psychological mark of $6,500, Bitcoin Cash - to $215, Ethereum - to $165, XRP - to $0.17, and Litecoin - to $37.