Market Update July 23

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Bitcoin exhibited a relatively subdued performance the last day, trading at around $67,000 with -0.48% fluctuations over the past day. Analysts suggest that the lack of a decisive breakout indicates a continued struggle for Bitcoin to regain its bullish momentum.

Ethereum, the second-largest cryptocurrency, followed a similar pattern, experiencing +1.26% price movements and trading at $3,500 The altcoin king has been closely correlated with Bitcoin’s price action in recent weeks, and today’s performance reinforces this trend.

Among the altcoins, there was a mixed bag of results. Some of the larger-cap cryptocurrencies, such as BNB (+1.30%), SOL (+0.71%), XRP (+0.60%) or Dogecoin (+0.66%) managed to post modest gains.

The total cryptocurrency market capitalization currently stands at $2.43T.