Most cryptocurrencies were trading in the red, with bitcoin do | CryptoCrash®

Most cryptocurrencies were trading in the red, with bitcoin down 2 percent, early on July 9.

The global cryptocurrency market is currently $1.35 trillion, a decline of 4.84 percent over the past 24 hours.

Bitcoin, the world's largest cryptocurrency by market capitalisation, is trading at over $32,700.

The price of ether is down 9 percent, trading at over $2,000.

Payments company Square Inc on July 8 said it will make a hardware wallet for bitcoin.
"We have decided to build a hardware wallet and service to make bitcoin custody more mainstream...", Jesse Dorogusker, head of hardware at Square said in a series of tweets.

The news comes amid US Senator Elizabeth Warren raised concerns about the risks posed to consumers and financial markets by the cryptocurrency market.