_:Recent trends in the cryptocurrency market show varied performance among major digital assets over the past 24 hours.
According to Azeri-Press news agency, Bitcoin’s price decreased by 0.33% to $83,117.47, despite experiencing a 6.36% increase over the past 30 days. Ethereum’s price rose by 0.44% to $2,664.78, although it has decreased by 2.48% over the past week but gained 8.43% in the past month.
Zcash saw a significant drop of 11.78%, bringing its price down to $1,377.93. BNB decreased by 1.69% to $758.81, while Bitcoin Cash fell by 3.46% to $305.47. Monero slightly increased by 0.09% to $541.04, despite a 5.90% decline over the last week.
Gold-backed cryptocurrencies also saw declines, with PAX Gold falling by 1.29% to $4,145.41 and Tether Gold decreasing by 1.42% to $4,140.26.
Analysts attribute these market fluctuations to profit-taking by investors after previous gains in major cryptocurrencies, alongside short-term market corrections. However, the positive monthly trends in major assets suggest enduring long-term interest in the cryptocurrency market.