The leading cryptocurrency Bitcoin (BTC), which started the new week with a decline, continued to lose value and dropped to $30,000 price levels in the last 24 hours. With Bitcoin briefly falling below $30,000 yesterday evening, most altcoins also experienced losses in the morning. The total market value of the cryptocurrency ecosystem also fell to $1.2 trillion.
Crypto Market in Decline
After the historic decision in the Ripple case on July 13, the cryptocurrency market experienced a significant rise led by XRP last week, but it started to decline again on the first day of the new week. The leading cryptocurrency Bitcoin (BTC), which fell to $29,600 price levels yesterday evening, started trading from $30,000 price levels with its recent price movements. Most altcoins in the cryptocurrency market caused further losses.
Ethereum (ETH) started trading at over 1% loss and dropped to $1900 price levels in the last 24 hours, while the total market value of the cryptocurrency ecosystem fell to $1.2 trillion.
In addition, volatility in the cryptocurrency market increased compared to the first day of the week. According to the latest data shared by Coinglass, there were liquidations of short and long positions worth an average of $120 million in the cryptocurrency market in the last 24 hours.
Prominent Cryptocurrencies of the Day
With the cryptocurrency market showing a downward trend again and the leading cryptocurrency Bitcoin briefly falling below $30,000 price levels, many cryptocurrencies experienced significant losses during the day. According to CMC data, Solana (SOL), Terra Classic (LUNC), Bitcoin Cash (BCH), Lido DAO, and Aave (AAVE) were among the cryptocurrencies with the highest market value among the top 100 cryptocurrencies that experienced the highest percentage of losses in the last 24 hours.
On the other hand, Chainlink (LINK), Sui (SUI), Gala (GALA), Optimism (OP), and Flow (FLOW) were among the cryptocurrencies with the highest market value among the top 100 cryptocurrencies that experienced the highest percentage of gains in the last 24 hours after their recent value increases.
