Market Update July 31

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Bitcoin has experienced a drop of 0.94% over the past day, trading at $66,189.33. Despite this, it still maintains its position as the dominant player in the market with a dominance of 54.8%.

Ethereum, the second-largest cryptocurrency, also saw a drop of 0.78%, trading at $3,313.90, but still holds a significant dominance of 16.7%.

The total market cap of all cryptocurrencies has decreased by 0.51%, standing at $2.39 trillion. This shows that while the prices of individual cryptocurrencies may be fluctuating, the overall market is still holding steady.

However, the trading volume has seen a significant decrease of 17.60%, standing at $64.68 billion. This indicates that there has been a decrease in the overall activity and interest in trading cryptocurrencies in the past day.

In terms of other altcoins, Binance Coin (BNB) has seen a rise of 2.31% in its price, trading at $588.71. Regarding other altcoins, Solana +0.94%, XRP +8.64%, Dogecoin -2.98% and Toncoin +2.44%.