Cryptocurrencies rose on Tuesday as the U.S. dollar slumped after recent data showed the U.S. industrial sector slowed to its lowest since 2020.
The global market value of cryptocurrencies in the past 24 hours has risen by 2.94% to $ 953.61 billion, according to Queen Market Cap data.
Bitcoin - the largest cryptocurrency by market value - rose 2.17% at $19960.25, at 12:48 pm Mecca Time, according to Queen's Pass data.
Ethereum also increased "by 2.58% to $1349.70, Benance rose 1.65% to $290.94, and Ripple climbed 0.77% to 47.10 cents.
On the other hand, the U.S. Financial Stability Monitoring Board issued a report Monday urging politicians to reach agreement on a number of areas including how to regulate bitcoin and other crypto assets sold on the spot market.
