A decline has been observed in major assets in the cryptocurrency market over the past 24 hours, APA-Economics reports.
Bitcoin fell by 2.80% to $68,570.03 over the past 24 hours, while Ethereum dropped by 3.93% to $2,057.03.
Negative dynamics also prevailed among other major assets in the market. Thus, BNB decreased by 1.65% to $628.73, XRP fell by 2.27% to $1.36, Solana dropped by 3.95% to $86.44, and Dogecoin declined by 1.85% to $0.09212.
At the same time, relatively limited changes were recorded in some assets. Bitcoin Cash decreased by 1.22% to $463.89, while Cardano fell by 3.80% to $0.2547. Meanwhile, unlike other assets, TRON declined by 0.27% to $0.3149.
The decline observed in the cryptocurrency market is mainly attributed to investors taking a cautious stance toward risky assets, increased selling pressure in global financial markets, and intensified profit-taking.
