The entire market took a slight step back in the past 24 hours following a few days of notable price increases.
The past 24 hours saw the cryptocurrency market calm down a bit, with no major changes happening across the top 10 coins by means of total capitalization. However, some cryptocurrencies performed better than others, so let’s dive in.After a serious run-up from $22,800 to almost $25,000 in the previous two days, Bitcoin’s price has finally calmed down and trades at around the $24K mark.
It appears that the volatility surrounding the announcement of July’s CPI numbers has passed, and now the market is in search of the next direction.That said, BTC failed to overcome the $25K level before retracing to where it currently trades, but overall – in the past 24 hours – it’s down some 2%.Despite the relative calmness, it appears that the market is taking a breather from the recent rallies and is trading predominantly in the red.
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