Cryptomarket volume falls as bitcoin continues to dip

Bitcoin’s price slipped by more than 1% today to $44,833.46.  The market cap of the popular cryptocurrency fell to $843.43 billion, a decrease of 1.21%. Bitcoin’s trading volume reduced by 11.14% in the last 24 hours. Bitcoin’s dominance is currently 43.86%, a decline of 0.47% over the day. 

The cryptomarket were mixed on a 24-hour basis, with Ethereum declining 1.56% to $3,010. Dogecoin, on the other hand, gained 2.05 % to trade at $ 0.33. A day earlier, it had slipped 14.29% to $0.2881. Cardano gained by 5.6 % in the last 24 hours. While Polkadot gained 0.06% to $24.19, Litecoin declined 2% to $167.54. XRP gained 12 % in the last one week to trade at $1.13. 

The total crypto market volume over the last 24 hours is $110.02 billion, which makes a 12.72% decrease. The global crypto market cap is $1.92 trillion, a 0.35% decrease over the last day.  

Since August, bitcoin has been holding up above $40,000. In June, bitcoin prices plunged below $30,000 for the first time since late January, with China shutting down mining operations.   

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