Mixed dynamics have been observed among major assets in the cryptocurrency market over the past 24 hours, APA-Economics reports.
According to the CoinMarketCap platform, the price of Bitcoin rose by 0.22% over the past 24 hours to $83,249.65. Although the cryptocurrency has fallen by 3.98% over the past seven days, it has gained 7.05% over the past 30 days.
Ethereum rose by 0.20% to $2,670.60, Zcash increased by 1.83% to $1,402.57, while BNB gained 0.07% to reach $759.45. Monero fell by 0.31% to $538.70, Bitcoin Cash declined by 0.02% to $305.41, while Bittensor dropped by 0.36% to $300.83.
Gold-backed cryptocurrencies also recorded gains. PAX Gold (PAXG) rose by 0.86% to $4,180.23, while Tether Gold (XAUT) increased by 0.83% to $4,173.46.
The CoinMarketCap 20 index fell by 0.05% over the past 24 hours to 173.12 points.
Analysts say that the slight increase in Bitcoin was supported to some extent by falling oil prices and the easing of the previous sharp sell-off in the US Treasury market. However, high US Treasury yields and expectations of interest rate hikes continue to put pressure on risky assets.
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