Selling pressure continues in cryptocurrency market: Bitcoin and Ethereum decline
Istanbul, July 28 (Hibya) – Selling pressure persisted in the cryptocurrency market on the first trading day of the week. Nearly all major cryptocurrencies by market capitalization lost value, with Ethereum, Solana and XRP posting the sharpest declines.
Selling pressure persisted in the cryptocurrency market on the first trading day of the week. Nearly all major cryptocurrencies by market capitalization lost value, with Ethereum, Solana and XRP posting the sharpest declines.
Bitcoin fell 2.52 percent to $63,271.50. Ethereum, the market's second-largest cryptocurrency, declined 3.64 percent to $1,876.92.
Solana traded at $73.14 after losing 3.49 percent, while XRP fell 3.33 percent to $1.06.
Dogecoin, one of the leading meme coins, also came under selling pressure, declining 2.67 percent to $0.07.
Weakening global risk appetite and investors' cautious stance led to broad-based selling across the cryptocurrency market, with leading digital assets posting notable losses.
British News Agency