After a day’s breather, the crypto market remains bearish, with most of the major cryptocurrencies remaining in the red. Bitcoin (BTC) shed most of its July-August gains and struggled to remain afloat at the $20k mark, registering an intraday low of $19,738. Ethereum (ETH) moved sideways and was trading at $1,588, down by a minor 0.18% from the previous day.
The total crypto market cap remains still below the $1 trillion mark. Cardano (ADA) and Tron (TRX) were the only top cryptos in green. The crypto market continues to remain correlated to the traditional stocks and will need a stronger momentum to push forth a trend reversal despite inflationary pressures widespread globally.
The crypto market failed to gather any clear momentum as August looks to close on a woeful note.
After a day’s breather, the crypto market remains bearish, with most of the major cryptocurrencies remaining in the red. Bitcoin (BTC) shed most of its July-August gains and struggled to remain afloat at the $20k mark, registering an intraday low of $19,738. Ethereum (ETH) moved sideways and was trading at $1,588, down by a minor 0.18% from the previous day.
The total crypto market cap remains still below the $1 trillion mark. Cardano (ADA) and Tron (TRX) were the only top cryptos in green. The crypto market continues to remain correlated to the traditional stocks and will need a stronger momentum to push forth a trend reversal despite inflationary pressures widespread globally.