The cryptocurrency market experienced a downturn, with the total market capitalization dropping to $2.51 trillion over the last day as of july 7, 2024. The market volume in the last 24 hours has fallen by 9.22%. Bitcoin, the largest cryptocurrency, is currently trading at $67,659, 2.82% down over the past seven days and 0.22% decrease in the last 24 hours. Ethereum, the second-largest cryptocurrency, is trading at $3,732, down by 2.06% in the last seven days.
The cryptocurrency market is down today as fear rises among investors after Mt. Gox’s $9 billion bitcoin transfer and slowing inflows of the U.S. spot bitcoin ETFs.
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