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Cryptocurrency Sector Faces Downturn but Remains Resilient

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by Giorgi Kostiuk

10 hours ago


The cryptocurrency market continues to react to external factors, showing a slight decline in capitalization. However, some segments exhibit growth.

Bitcoin and Ethereum Record Minor Declines

Leading cryptocurrencies Bitcoin and Ethereum have shown price declines of 0.14% and 0.13% respectively. Bitcoin currently trades at $93,995.89 with a market dominance of 63.5%, while Ethereum is priced at $1,797.82, accounting for 7.4% of the market.

Top Crypto Gainers

Among cryptocurrencies showing growth over the past 24 hours, Ken ($KEN), Black Phoenix ($BPX), and LESTER ($LESTER) stand out. Ken saw a remarkable growth of 1423.34%, with a current price of $0.0003973. Black Phoenix increased by 677.59%, trading at $0.1705. LESTER achieved a 604.75% growth, with its price at $0.0002460.

Growth in DeFi and NFT Sectors

The DeFi sector shows a TVL increase of 2.48%, reaching $100.607B, with AAVE leading at $19.75B. Defily Dex stands out with a 25411% increase in TVL. The NFT market also shows growth with a 10.36% sales volume increase, reaching $13,215,481, led by DMarket with $1,411,411 in sales.

Despite short-term fluctuations, the overall progress in the crypto industry and growth in individual sectors indicate further development opportunities and potential for a solid upward trend.

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