A decline has been observed in major assets in the cryptocurrency market over the last 24 hours.
“Elchi” reports that the total market capitalization has decreased by 0.46% to $2.42 trillion.
The price of the leading cryptocurrency, Bitcoin, fell by 0.74% to $70,962. However, compared to the weekly performance, Bitcoin’s price has shown an increase of 2.64%.
Regarding other cryptocurrencies in the top ten, the price of Ethereum decreased by 0.92% over the last 24 hours to $2,192, while the price of BNB increased by 0.14% to $595.
During the same period, the price of Bitcoin Cash rose by 0.42% to $425, and the price of Monero increased by 2.25% to $347.
The most notable growth in the market was recorded in Zcash. The price of this cryptocurrency has increased by 0.87% in the last 24 hours and by 43.39% over the last 7 days.
Conversely, the price of Bittensor has decreased by 1.15% in the last 24 hours and by 18.49% over the last 7 days.
Gold-backed tokens also drew attention. The price of PAX Gold decreased by 0.29% to $4,700, and the price of Tether Gold decreased by 0.29% to $4,691.
It should be noted that despite the recent decline in the market, Bitcoin’s price remaining at a high level is mainly attributed to increased investor interest in risk assets against the backdrop of a partial easing of tensions in the Middle East and a softening of geopolitical risks related to the US. Additionally, the shift of some investors toward gold and gold-based cryptocurrencies is considered one of the key factors supporting prices.