Cryptocurrencylistings Markets: A majority of cryptocurrencies are witnessing gains

Cryptocurrencies is witnessing a rebound in its value.

Bitcoin has increased by 2.75%, trading now at $21,067.86. The recent price dip has influenced long-term investors, who are reportedly selling their assets at a quicker pace, resulting in a reduction of 178,000 BTC from the long-term holder supply, which is roughly 1.31% of the total supply. Glassnode According to Glassnode, the recent fall in Bitcoin's price has had ripple effects beyond just holders. They remarked, 'The Bitcoin market has been shaken by a significant deleveraging event this week, impacting both on-chain DeFi markets and off-chain entities like exchanges, lenders, and hedge funds that have faced insolvency, liquidity issues, or liquidation.'

dropped below the all-time high of $20,000 reached in 2017 on June 18th, hitting an astonishing low of $17,708. Fortunately, the price managed to recover to the $20,000 mark by Sunday. market has also seen an upward trend, now trading 1.50% higher at $1,144.61. Binance's BNB has increased by 3.57%, Cardano's ADA has ticked up by 0.73%, and XRP has seen a 1.43% rise. Solana's SOL has jumped by another 5.14%, while Dogecoin (DOGE) has gained 7.61%. Celsius token has experienced a remarkable surge of 52.48% within the last 24 hours, and more moderate gains have been noted by Compound, Waves, and Shiba Inu at 25.80%, 23.43%, and 23.43%, respectively.

Ethereum’s ether The cryptocurrency space continues to show positive advancements. Decentraland's MANA has surged by 52.48%, with Flow joining in at a 4.69% increase. Moreover, ApeCoin, Theta Network, and Tezos have recorded price enhancements of 3.87%, 4.40%, and 2.96%, respectively. Additionally, CEEK VR has risen by 24.68%, SwftCoin by 15.52%, and Stacks by 12.73%.

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Metaverse Index MVI is up by 3.78% and is now trading at $38.68.

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