Crypto Market Shows Signs of Dullness as Sentiments Wane This Week

Crypto Market Shows Signs of Dullness as Sentiments Wane This Week

The cryptocurrency market has witnessed a period of correction this week, driven by a lack of significant market sentiments influencing price movements. As of Saturday (August 5th), major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), have experienced downward trends over the past 24 hours, reflecting the subdued market sentiment. Bitcoin's Mild Downturn Within the last 24 hours, Bitcoin (BTC) saw a decline of 0.52%, settling at US$29,052.95, according to coinmarketcap data. Over the course of the week, the largest cryptocurrency faced a decline of 1.07%. It's worth noting that Bitcoin has been exhibiting a sideways movement since late June. READ: Legal Expert Challenges SEC's Classification of Cardano Token as a Security Ethereum's Subdued Performance Ethereum (ETH), the second-largest cryptocurrency, faced a drop of 0.25% within a single day and experienced a depreciation of 2.36% over the span of 7 days. Year-to-Date Performance BTC has surged by 76% and ETH…

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