Crypto On Monday: Market Turns Sluggish As Volume Declines

The crypto market for Monday comes on a bearish note as almost every cryptocurrency ended July on a bullish note. The price of leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) dropped 1.70% and 0.40% in the last 24 hours.

According to the data from CoinMarketCap, the price of 1 BTC as of 12:49 a.m. ET was $23,410. As for 1 ETH, it was $1,694. Meanwhile, the market dominance of the world's biggest cryptocurrency dropped below 41% to 40.99%, while the same for Ether dropped to 18.91%.

Meanwhile, Ether broke above $1,700 over the weekend but failed to capitalize on the same, while BTC broke above $24,500 but was pushed down below the same after it failed to reclaim $25,000.

The total worth of the crypto market is $1.09 trillion, marking a decrease of 1.01% in the last 24 hours, as per data from CoinMarketCap.

The best performers for the day include Polkadot (DOT), which rose by 7.62% to $8.9; Filecoin (FIL), which rose by 24.66% to $10.61; Internet Computer (ICP), which rose by 6.92% to $8.94; Elrond (EGLD), which rose by 3.35% to $59.76; BitTorrent (BTT), which rose by 10.30% to $0.000001056 and Kusama (KSM), which rose by 6.49% to 68.22 as of 1:00 a.m. ET.

The poor performers include Polygon (MATIC), which dropped by 4.79% to 0.9282; Avalanche (AVAX), which dropped by 2.30% to $24.21; Ethereum Classic (ETC), which dropped by 8.29% to $37.30; Uniswap (UNI), which dropped by 5.57% to 8.43% and Decentraland (MANA), which dropped by 4.01% to $0.9931 as of 1:11 a.m. ET.

Other notable coins for Monday include Hive (HIVE), which rose by 48.60% to $0.7875; Bitcoin Standard Hashrate Token (BTCST), which dropped by 16.69% to $26.31 but has been up by 232.25% in the last seven days; Pundi X (PUNDIX), which rose by 113.88% to $0.9133 and Consitution DAO (PEOPLE), which rose by 15.39% to $0.03802 as of 1:14 a.m. ET.

Clients of a crashed crypto lender Celsius are fighting to get their money back Photo: AFP / Justin TALLIS