Crypto market continues to decline, Bitcoin and Ethereum in red as traders seek safe haven investments

The cryptocurrency market, and world’s largest token Bitcoin, were down for a second consecutive day, on October 12, after markets crashed following United States President Donald Trump’s additional 100 per cent tariffs on China.

Cryptocurrencies market capitalisation is down to $3.7 trillion from record $4 trillion seen last week. The trading volume is at $250.02 billion, according to CoinMarketCap data.