New york: A decrease has mainly been observed in the prices of major assets in the cryptocurrency market over the past 24 hours, APA-Economics reports, citing the CoinMarketCap platform. The market capitalization decreased by 0.77% over the past 24 hours to 2.36 trillion dollars. The price of Bitcoin, the leading cryptocurrency, decreased by 0.06% over the past day to 69,519 dollars. PAX Gold, which ranks second in terms of market value, fell by 1.08% to 5,148 dollars. The price of Tether Gold also decreased by 0.97% to 5,113 dollars.
According to Azeri-Press News Agency, the price of Ethereum increased by 0.67% to 2,027 dollars. BNB rose by 0.39% to 644 dollars. Bitcoin Cash increased by 1.10% to 454 dollars. Monero decreased by 1.66% to 351 dollars, while Zcash fell by 3.95% to around 204 dollars.
Among alternative cryptocurrencies, the strongest growth was recorded in the Hyperliquid token. The price of this asset increased by 6.95% over the past 24 hours. Analysts attribute the mixed dynamics observed in the market to investors taking profits after the recent price increase, as well as changes in risk appetite in global financial markets. Experts note that some investors reducing their positions in major cryptocurrencies has strengthened the short-term correction process in the market.