The cryptocurrency market is facing tough times as major cryptocurrencies like Bitcoin and Ethereum show significant losses, while new contenders like MYX Finance are demonstrating significant growth.
Sharp Declines in Major Cryptos
The cryptocurrency market is experiencing sharp declines, with BTC and ETH losing value. Bitcoin (BTC) is trading at $114,077, down 0.1% in the last 24 hours and 3.3% over the past week. Ethereum (ETH) has also shown a decrease, currently priced at $3,629.89, which is down 0.5% in the last 24 hours and 4.7% over the week.
Market on Alert: Which Assets Suffered the Most
Other cryptocurrencies are also feeling the pressure. XRP (XRP) has decreased by 2.4% and is now priced at $2.95. Solana (SOL) has dropped by 2.3%, while Dogecoin (DOGE) has lost 2.1% over the past day. Binance Coin (BNB) and Lido Staked Ether (STETH) are also showing negative trends.
Outstanding Performances of MYX Finance and Other Altcoins
Despite the overall downturn, MYX Finance (MYX) has seen an exceptional increase of 146%, rising to $2.08. Additionally, TROLL and GXChain showed increases of 76% and 66.9% respectively, highlighting the current diversity in the cryptocurrency space.
Overall, the current state of the cryptocurrency market is characterized by rapid declines in the leading assets, while some altcoins like MYX Finance are showing a tendency to increase. This creates unique conditions for traders and investors in a highly volatile environment.
