New Delhi, Oct. 12 -- 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.

Cryptocurencies 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.

According to CoinMarketCap analysis, the broader crypto market fell 0.89 per cent over the last 24h, extending a seven-day decline of 11.5 per cent.

As per the analysis, the main reasons are geopolitical shock from Donald Trump'Trump's additional 100 per cent tariffs on China and limit on US software exports. Ther...