Bitcoin, Ether drop; Dogecoin, Polygon lead losers

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By BitcoinWiki News

Key Takeaways:

– Bitcoin slipped below US$30,000, with most top 10 cryptocurrencies dropping.
– Tron and Litecoin were the only gainers, rising less than 1%.
– Litecoin’s halving event is expected to drive up the price.
– The total crypto market capitalization dropped to US$1.18 trillion.
– The Forkast 500 NFT index dipped 0.55%.
– Immutable X-based Gods Unchained Cards saw the largest NFT sales volumes.
– The Beatport NFT marketplace was launched on Thursday, built on Aventus.


Bitcoin slipped below $30,000 on Friday, with most other top cryptocurrencies also experiencing losses. Tron and Litecoin were the only gainers, rising less than 1% in the past 24 hours. Bitcoin’s decline is expected to continue unless there’s an obvious catalyst, but positive corporate earnings and cooling inflation could provide some support. The initial deadline for approving BlackRock’s Bitcoin ETF application is at the end of August, and an extension would be seen as bearish. Ether, the second-largest cryptocurrency, also dipped in the past 24 hours. Dogecoin led losses, while Tron and Litecoin were the only gainers among the top 10 cryptocurrencies. In the NFT market, the main Forkast 500 NFT index declined, while total sales volumes dropped. Immutable X-based Gods Unchained Cards and Ethereum-based Bored Ape Yacht Club saw the highest sales volumes. The U.S.-based music store Beatport launched its NFT marketplace.

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