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.

At 11.11 am, Bitcoin was at $1,11,660.41, Ethereum at $3,817.26, Tether at $1, Binance coin at $1,140.34, and XRP at $2.37.

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...