The cryptocurrency market, which started a strong rally with the historic decision in the Ripple case, dropped again this morning. The leading cryptocurrency Bitcoin (BTC), which surpassed critical resistance levels shortly after its gains during the week, fell back to $30,300 price levels.
Current Situation of BTC and ETH
Although the cryptocurrency market started a strong rally right after the historic decision in the Ripple case, it dropped again this morning. The leading cryptocurrency Bitcoin (BTC) turned downwards during the day despite surpassing critical resistance levels during the week and started trading at around $30,300 with an average decrease of 3%. Ethereum (ETH), on the other hand, experienced a value loss of over 3% and dropped to $1935 price levels.
Most altcoins in the cryptocurrency market experienced various degrees of value losses during the day. The total market value of the cryptocurrency ecosystem decreased to $1.22 trillion according to CoinMarketCap (CMC) data. Additionally, according to Coinglass data, a total of approximately $170 million worth of short and long positions were liquidated in the past 24 hours.
Prominent Cryptocurrencies of the Day
As the cryptocurrency market showed a downward trend again, many cryptocurrencies experienced significant value losses during the day. Bitcoin SV (BSV), Bitcoin Cash (BCH), and Conflux (CFX) were among the cryptocurrencies that experienced the highest percentage declines in the past 24 hours according to CMC data.
On the other hand, despite the downward trend in the cryptocurrency market, there were also cryptocurrencies that continued to rise and stood out from the market. Compound (COMP) recorded a value increase of nearly 9% during the day and became the top-performing cryptocurrency in terms of percentage change among the top 100 cryptocurrencies in market capitalization according to CMC data in the past 24 hours.
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