Crypto wrap: BTC steady but PUMP, Flare, and Aptos among big altcoin losers
Main Idea
The crypto market experienced a sharp decline with over $960 million in liquidations, Bitcoin remained steady above $118k, and altcoins like PUMP, Flare, and Aptos were among the biggest losers.
Key Points
1. The global crypto market capitalization fell 1.5% to $3.89 trillion, with trading volume up 20% to $225 billion in 24 hours.
2. Over $960 million in liquidations occurred, with Ethereum, Solana, and XRP contributing significantly to the liquidated longs tally.
3. Bitcoin's price rebounded to $118,377, showing stability amid robust capital flows and institutional demand.
4. PUMP, Flare, and Aptos were the top losers, with PUMP dropping 18%, Flare down 16%, and Aptos declining 15%.
5. The downturn appears driven by profit-taking following recent market highs.
Description
The cryptocurrency market remains largely bullish, but traders are reeling from a sharp downturn seen during the Asian hours on July 24. As most altcoins flipped negative on the 24 hour timeframe, the global market capitalization fell 1.5% to $3.89 trillion, according to CoinMarketCap data. Meanwhile, global trading volume over the past 24 hours reached $225 billion, up 20% amid heightened activity. But as most analysts note, the volatile conditions aside, market sentiment leans bullish. In the ...
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