Bitcoin, Ether remain below key levels, most top 10 cryptos fall – Crypto News – Crypto News
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Bitcoin dips over weekend, other top 10 cryptos mixed; U.S. stock futures edge down Bitcoin dips over weekend, other top 10 cryptos mixed; U.S. stock futures edge down

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Bitcoin, Ether remain below key levels, most top 10 cryptos fall – Crypto News

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Bitcoin and Ether fell during Tuesday afternoon trading in Hong Kong, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization except Dogecoin. Institutional interest towards Bitcoin remained strong even as it declined below the US$30,000 support level, industry experts told To install Forecast.

See related articles: Weekly Market Wrap: Bitcoin falls below US$30,000 as institutional interest in ETFs fails to lift markets

Bitcoin, Ether remain under key levels, Dogecoin is sole gainer in top 10 cryptos for 2nd straight day

Bitcoin was little changed during afternoon trading in Asia, trading at US$29,144 as of 4:30 pm in Hong Kong after it fell below the US$30,000 support level on Monday.

Ether slipped 0.1% during afternoon trading in Asia to US$1,851 and declined 2.77% during the past week.

“The ruling in the Ripple case has fueled a short rally in the crypto market. At the same time, strong inflows from institutional investors are also driving the demand for Bitcoin,” Tom Wan, a research analyst at 21.cothe parent company of 21Shares, an issuer of crypto exchange-traded products, wrote to Forecast,

“According to K33 Research, BTC-equivalent exposure of exchange-traded products listed worldwide increased by 25,202 BTC (US$757 million) to 196,824 BTC in four weeks to July 16, which is the second highest in monthly net inflow.”

October 2021 was the highest month for net inflows into Bitcoin ETPs, following the launch of ProShares’ Bitcoin Strategy ETF.

For a second consecutive day, Dogecoin was the only coin up in the top 10 to gain, rising 2.5% in the past 24 hours to US$0.0768.

Solana’s Sol token was the day’s biggest loser, falling 5.97% in the past 24 hours to US$23.10, followed by the XRP token that lost 5.32% to US$0.6833.

The total crypto market capitalization over the past 24 hours fell 0.38% to US$1.19 trillion while market volume increased 9.27% ​​to US$25.15 billion, according to CoinMarketCap data.

Forkast 500 NFT index falls to all-time low, Bitcoin, Ethereum NFT sales fall

The Forex 500 NFT Index slipped 0.68% to 2,656.79 points in the 24 hours to 4:30 pm in Hong Kong and fell 2.59% during the week. The index declined to an all-time low of 2,652.17 points earlier today.

Bitcoin’s 24-hour non-fungible token sales fell 5.82% to US$666,101 with the network shrinking to be the sixth largest blockchain by 24-hour NFT sales volume, according to CryptoSlam,

Ethereum‘s 24-hour NFT sales fell 11.21% to US$11.69 million, while sales for the largest Ethereum-native NFT collection, the Bored Ape Yacht Clubrose 17.68% to US$1.17 million even as Azuki sales declined 49.31% to US$547,373.

On Ethereum, CryptoPunks began to recover from last week’s decline, rising 4.58% to US$633,772.

“It’s still an exceptionally slow time for NFTs, both with volume and sales. Global sales mirror what Ethereum’s NFT sales were alone just a few months ago, during a time when NFTs were also considered slow. We just had no idea how much slower things could get,” said Yehudah Petscher, NFT Strategist at Forkast Labs.

Among the Forkast Labs indexes, the Forkast CAR NFT Composite was the only one in the green for the day.

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