Despite mixed trends among major assets in the cryptocurrency market over the past 24 hours, Bitcoin and several other digital assets have gained value, APA-Economics reports.
According to data from the CoinMarketCap platform, Bitcoin's price increased by 0.75% over the past 24 hours, reaching $82,422.98. However, the cryptocurrency has declined by 1.30% over the past seven days.
Ethereum fell by 0.04% to $2,420.04. Meanwhile, BNB rose by 0.53% to $725.48, while Zcash increased by 1.88% to $1,172.46.
Monero's price decreased by 2.24% to $592.86, while Bittensor declined by 0.02% to $271.46. Bitcoin Cash gained 0.05% to reach $277, while Solana increased by 0.67% to $105.11.
Positive trends were also recorded among gold-backed cryptocurrencies. PAX Gold (PAXG) rose by 0.37% to $4,170.37, while Tether Gold (XAUT) increased by 0.40% to $4,168.93.
The CoinMarketCap 20 index increased by 0.60% over the past 24 hours, reaching 166.94 points. Bitcoin's market capitalization approached $1.66 trillion.
Analysts say the positive market dynamics may be attributed to a partial recovery in prices following declines observed in previous days and increased buying activity among investors. However, the fact that weekly indicators remain negative for most major cryptocurrencies suggests that selling pressure in the market has not yet fully subsided.
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