In the cryptocurrency market, a decrease in the prices of major assets has been observed mainly over the last 24 hours.
“Elchi” reports, citing the CoinMarketCap platform, that the market capitalization decreased by 0.77% in the last 24 hours, reaching 2.36 trillion dollars.
The price of Bitcoin, the leading cryptocurrency, decreased by 0.06% in the last 24 hours, falling to $69,519. PAX Gold, which ranks second by market value, depreciated by 1.08% to $5,148. The price of “Tether Gold” also decreased by 0.97%, settling at $5,113.
Ethereum’s price increased by 0.67% to $2,027. BNB rose by 0.39% to $644.
Bitcoin Cash rose by 1.10% to $454. Monero decreased by 1.66% to $351, and Zcash depreciated by 3.95%, trading around $204.
Among alternative cryptocurrencies, a stronger increase was recorded in the Hyperliquid token. The price of this asset increased by 6.95% in the last 24 hours.
According to analysts, the mixed dynamics observed in the market are related to investors realizing profits after recent price increases, as well as changes in risk appetite in global financial markets. Experts note that a portion of investors reducing their positions in major cryptocurrencies has strengthened the short-term correction process in the market.