đđBitcoin Market Activity Stands Out with Price Fluctuation and Investor Interest đđ
The cryptocurrency market dropped 1.38% on Tuesday, July 23, dropping its total value to $2.44 trillion. However, market volume increased by 23.35% to $86.24 billion, indicating active participation from investors.
Bitcoin's price has recently consolidated at $66,506 and is down 1.61% in the last 24 hours. While the price range fluctuated between $66,211.30 and $68,267.39, Bitcoin's market dominance increased by 0.19% to 54.46%. This shows that interest in altcoins has decreased. The US government's sale of $4 million worth of BTC and the inflow of $533.57 million into BTC ETFs led to speculation in the market.
The price of Ethereum is down 1.14% to $3,477.71 and has traded between $3,425.80 and $3,523.40 in the last 24 hours. SEC's ETF approval and Grayscale's ETH moves failed to stabilize the price. Similarly, Solana's price fell to $179.33 and fluctuated between $177.04 and $183.21, despite technological innovations.
XRP resisted the overall market decline, rising 3.23% to $0.6139. DOGE fell 1.88% to $0.1384 and SHIB fell 2.67% to $0.00001767. Among the top performers, Ethereum Name Service (ENS) was up 4.61% to $27.91, Ethereum Classic (ETC) was up 2.52% to $24.70, and Akash Network (AKT) was up 2.02% to $3.60. On the other hand, Mog Coin (MOG) fell 11.73% to $0.000002056, Ethena (ENA) fell 8.25% to $0.4431, and Bonk (BONK) fell 7.46% to $0.00002932. Maker (MKR) fell 6.24% to $2,721.50.
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