Ethereum surpasses 5.97 million won, while Bitcoin and Ripple trade mixed.

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As of July 28th in the morning, the cryptocurrency market is showing a mixed trend. Bitcoin is trading at 16,188,205 won (116,569.49 dollars), slightly declining by 0.0162% compared to the previous day. However, it maintains a moderate upward trend of 3.06% on a weekly basis and 0.54% over 30 days. Bitcoin has recorded a 12.06% increase over the past 90 days, continuing a long-term upward trajectory. Its market dominance remains around 58.9%, playing a central role in leading the overall cryptocurrency market. In contrast, Ethereum is showing a clear upward trend. Currently, Ethereum's price is 5,971,360 won (4,299.75 dollars), rising 6.61% over 24 hours. It has recorded a remarkable 25.91% increase over 7 days, and has risen by 45.47% and 71.65% over 30 and 90 days respectively, maintaining a distinctive trend among altcoins. Its market dominance has slightly increased to 13.18%, which is interpreted as Ethereum strengthening its market influence while Bitcoin remains in a box range. Increased demand and trading volume are notable. Unlike this, Ripple shows a somewhat different price movement. Ripple has declined 2.15% to 4,491.78 won (3.23 dollars) in a day, but its 7-day volatility is calculated at a 15.7% increase. It continues an overall strong trend with 26.84% and 36.22% increases over 30 and 90 days respectively, though daily charts suggest some profit-taking. Its market dominance is 4.87%, relatively low compared to other major cryptocurrencies, and appears to be affected by a dispersion of interest due to Ethereum's steep rise. (Note: The translation continues in this manner, maintaining the specified translation rules for specific terms.)

#TokenPost#Cryptocurrency Market#Bybit

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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