The Crypto Market is Going Through a Rollercoaster Phase, with Tokens Making Unexpected Switches
- 王林Original
- 2024-07-20 01:55:52532browse
Over the past week, most cryptos have amassed a decent growth spree. However, on the 24-hour trading chart, cryptocurrencies appear to be struggling.
Rollercoaster crypto market sees tokens making surprising switches. Over the past week, most cryptos have enjoyed a solid rally.
But on the 24-hour trading chart, cryptocurrencies seem to be having a hard time. Some of the main reasons for this include market uncertainty over the latest Ethereum ETF approval and XRP vs. SEC.
Even big names like Solana and Bitcoin are not immune to these fluctuations. Let’s take a look at some of the best and worst performing cryptos today.
Bitcoin
BTC, the king of cryptocurrencies, has gained 12.17% over the past week. However, over the past 24 hours, the coin has struggled with a 0.91% dip.
Experts expected to see Bitcoin marching its way to $65,000. However, it is currently trading at $64,342. One of the major updates surrounding BTC took place recently, as Bitcoin options worth $1.12 billion expired.
The development took place as traders anticipated an upcoming price correction.
Ethereum
Ethereum is in the same boat as Bitcoin, with the SEC recently approving two of its ETFs in the US. The second-largest crypto in the market has gained 11.17% in the past 7 days. On the other hand, its 24-hour trading line shows a surge of 0.28%.
The cryptocurrency is poised to surpass the benchmark of $3,500. Aside from the SEC ETF approval, the only major development in ETH has been a breach in which attackers changed altcoins to Ethereum.
Ripple
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