Market Update July 26

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Cryptocurrencies have been on a rollercoaster ride over the past day, with most major coins experiencing positive price movements. The overall market cap has also seen an increase, while trading volume has slightly decreased.

As of writing this, the total market cap stands at $2.39 trillion, up by 3.51% from the previous day. Bitcoin has maintained its position as the largest crypto with a market dominance of 55.3%, while Ethereum trails behind with a dominance of 16.3%.

Bitcoin has seen a 4.26% increase in its price over the past day.

Ethereum, the second-largest cryptocurrency by market cap, has also seen a positive price movement of 2.44% over the past day. With a market cap of $391 billion, Ethereum has been making headlines in recent days after Ethereum ETFs began trading this week.

On Thursday, nine exchange-traded funds in the United States that trade Ethereum experienced a loss of $152.3 million, their third consecutive day of losses. The Grayscale Ethereum Trust (ETHE) was the only fund that saw outflows, with a total of $346.22 million in net outflows, according to data from SosoValue.