Cryptocurrencylistings Markets: In light of Bitcoin's struggles this month, cryptocurrencies mostly remain in the green.
Although many cryptocurrencies are still posting gains, Bitcoin has faced yet another decline in its price.
Currently, Bitcoin's value sits at $19,476.13 after a drop of 1.13%, remaining below the $20,000 threshold, indicating it still has a considerable journey ahead to prove its resilience.
As Glassnode According to notes, 'Bitcoin has recorded one of the worst monthly performances in its history, experiencing a downturn of -37.9% in June. The market has seen many short-term investors exit, leaving the commitment of long-term holders as the only bastion.' This tough month is second only to the bear market of 2011. Market uncertainties are amplified by high U.S. inflation and ongoing recession fears, as noted by Glassnode.
Ether from Ethereum is on the rebound, now valued at $1,131.06 after a 0.94% increase. Binance's BNB is close to hitting $226, also up by 0.94%. However, XRP and Cardano's ADA have dipped by 1.85%, while Solana's SOL has fallen by 1.84%. Notably, Convex Finance's CVX stands out with a price increase of 14%.
Although some Metaverse-related cryptocurrencies saw brief price increases earlier, they have since returned to a decline, resulting in a market cap in the negative territory. Nonetheless, trading volume shot up by an astonishing 59.82%.
While Flow shows a minor gain of 0.27%, Decentraland's MANA is down by 3.30%, and The Sandbox sees a dip of 1.48%. ApeCoin managed to gain slightly, just under 1%. Notably, XMON has skyrocketed by an impressive 30.75%, with Ternoa CAPS and LooksRare LOOKS seeing increases of 16.34% and 8.60%, respectively.
The Metaverse Index (MVI) is also on the rise, gaining 3.08% and currently priced at $37.77.
Read related posts:
- Seth Green's saga with his Bored Ape has a happy conclusion as the ape has been returned.
- Cryptocurrencylistings Markets: Some cryptocurrencies are experiencing upward trends, while Bitcoin's value continues to decline.
- Cryptocurrencylistings Market: Bitcoin is approaching a potential support level around $20,000.
Disclaimer
In line with the Trust Project guidelines Please remember that the information presented here should not be regarded as legal, tax, investment, or financial advice. It's crucial to only invest amounts that you can afford to lose and consult independent financial advisors if uncertainties arise. For more insights, please check the terms, conditions, and support pages provided by the issuer or advertiser. MetaversePost commits to providing precise and impartial reporting, but market dynamics can change swiftly.
