The prices of Bitcoin and altcoins continue to fluctuate in the cryptocurrency market, with recent changes reflecting a complex situation in this sector.
BTC Back to $108K
At the start of July, Bitcoin showed instability, dropping from $108,000 to $105,000. However, with the support of buyers, Bitcoin rose again to $108,000 and reached $110,500 before dropping back to $108,000. Currently, its market cap is $2.15 trillion, with a dominance of 63% over altcoins.
Altcoin Prices Decline
Unlike the previous day, today most altcoins are in the red. Ethereum decreased by 1%, remaining above $2,500, while HYPE lost nearly 5% and dropped below $38. Other notable declines include FARTCOIN (-8%), SPX (-7.7%), and TIA (-7%).
Crypto Market Overview
The total cryptocurrency market cap has decreased by $20 billion and stands at $3.42 trillion. Despite the drop, some altcoins, such as TKX, have seen an 11% rise, reaching over $15.
Thus, the current situation in the cryptocurrency market highlights the high volatility of prices for Bitcoin and altcoins, which continues to impact investors and traders.
