Bitcoin

Bitcoin continued to fall for the second consecutive day.

After hitting a local peak just above $68,000 on July 21, BTC’s recovery appears to have stalled.

Currently, the market-leading asset has lost nearly 3% of its value in the short term and is now back around the $65,500 mark.

The altcoin market fell yesterday.

Leading the pack are Celestia (TIA) and Core (CORE), as both projects have lost more than 10% of their value in the past 24 hours.

Other major projects such as Avalanche (AVAX), dYdX (DYDX), ORDI (ORDI), Injective (INJ), JasmyCoin (JASMY), Conflux (CFX), Beam (BEAM), Theta Network (THETA), MultiversX (EGLD) ), Ondo (ONDO), NEAR Protocol (NEAR), Algorand (ALGO), Dogecoin (DOGE), Stacks (STX), Bonk (BONK), Akash Network (AKT)… dropped 5-9%.

Despite the fact that the spot Ethereum ETF started trading yesterday, Ethereum (ETH) has not yet been able to break out and sustain its price above the $3,500 area.

Currently, ETH is down more than 1% from the previous 24 hours and is trading at around $3,435.

(Personal opinion, not a recommendation)

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