New york: A relative decline has been observed in major assets in the cryptocurrency market over the past 24 hours. The price of the largest cryptocurrency, Bitcoin, decreased by 0.30% to 70,780 dollars. The price of Ethereum also fell by 0.26% to 2,172 dollars.
According to Azeri-Press News Agency, among other major cryptocurrencies in the top ten, XRP declined by 1.47% to 2.08 dollars, BNB fell by 0.18% to 596 dollars, and Solana dropped by 2.57% to 159 dollars. At the same time, TRON decreased by 0.62% to 0.233 dollars, while Cardano fell by 1.45% to 0.37 dollars. Tether and USDC remained unchanged at 1 dollar. Dogecoin was the only asset on the list to rise, increasing by 0.97% to 0.195 dollars.
Although overall market capitalization remained close to stable, investors were seen adopting a more cautious stance amid slight declines in leading assets. The recent drop is mainly linked to a technical correction after Bitcoin briefly surpassed the 71,000-dollar level. At the same time, uncertainty related to tensions in the Middle East, including developments along the Iran-US line, has weakened risk appetite, prompting some investors to take profits.