Following the decline observed in the cryptocurrency market in recent days, some assets have recorded a slight increase, APA-Economics reports.
According to the CoinMarketCap platform, that Bitcoin's price rose by 0.39% over the past 24 hours to $74,682.18. Nevertheless, the cryptocurrency's price has fallen by 2.42% over the past seven days.
Ethereum fell by 0.39% to $2,120.70, while Zcash dropped by 5.81% to $1,153.04. BNB, meanwhile, rose by 0.54% to $689.21.
Among other cryptocurrencies, Monero declined by 5.10% to $568.60, Bitcoin Cash fell by 0.34% to $238.80, and Quant dropped by 3.90% to $191.18. Bittensor increased by 2.45% to $221.39.
Gold-backed cryptocurrencies recorded slight declines. PAX Gold (PAXG) fell by 0.09% to $4,105.10, while Tether Gold (XAUT) declined by 0.08% to $4,102.26.
The total cryptocurrency market capitalization stood at $2.49 trillion, representing a 0.14% increase over the past 24 hours. The CoinMarketCap 20 index rose by 0.12% to 151.54 points.
Over the past 24 hours, liquidations in the cryptocurrency market amounted to $257.56 million. The Fear and Greed Index stood at 28 points, indicating that fear prevailed among investors.
Analysts say the market's weak recovery may be linked to a partial increase in buying activity following the price declines of previous days. However, continued caution among investors and the negative weekly performance of major cryptocurrencies indicate that selling pressure in the market has not yet fully subsided.
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