The leading cryptocurrency, Bitcoin (BTC), reached the $29,600 levels yesterday, but it fell back to $29,000 in the morning. XRP, which has gained more than 3.6% in the past 24 hours due to the market’s downward trend, started trading at $0.66 levels.
Bitcoin (BTC), the leading cryptocurrency that reached the $29,600 levels with its recent gains, experienced a decline in the early hours of the day and dropped to $29,000 levels. The cryptocurrency market also started the day with a decline due to the losses in BTC.
Ethereum (ETH) also dropped more than 1.2% in the past 24 hours, falling to $1830 levels. The total market value of the cryptocurrency ecosystem decreased to $1.16 trillion according to CoinMarketCap data.
With the market showing a downward trend again, most high market cap cryptocurrencies recorded losses at various rates during the day. XRP, which lost more than 3.5% in the past 24 hours, started trading at $0.66 levels.
Following the US judge’s decision that the sales of XRP by Ripple company do not constitute an investment contract, XRP gained strong momentum in mid-July. XRP, which rose from $0.47 levels to $0.8 levels within hours on July 13, fell to critical price levels again as the market started to decline.
XRP, which has experienced a downward momentum since last week, accelerated its losses after falling below $0.7 levels in the early days of the week, starting the new week with a decline. Within the last 1 week, XRP recorded a loss of nearly 6%, and in the past 24 hours, it lost more than 3.5% and fell to $0.66 levels.