Although the broader financial market experienced a downturn in the last quarter, data from CoinGecko showed that the global cryptocurrency market capitalization rose by 9% within the 90-day period. Interestingly, despite the growth in the global cryptocurrency market capitalization, the leading cryptocurrency asset Bitcoin [BTC], closed the quarter with a decline in its price. According […]
It is common knowledge that the price rally was primarily due to the EthereumAlso seeing gains in July, the price per Ether coin grew by 57% within the 31-day period. However, after crossing the $2000 price mark on 14 August, the bulls could not sustain the price rally.
In the weeks leading up to the merge, the doubts surrounding the event’s success led to increased ETH . The much-awaited price rally failed to materialize upon completion as ETH closed the trading month at $1,328. Most of ETH’s gains in the 3-month were realized during the July rally.Lastly, as for BNB, it closed the quarter at a high of $284.24, growing its price by 24% within the 90 days under review.
It sold for as high as $333 per BNB as of 10 August, after which the bears visited and initiated a downward reversal.Subscribe to get it daily in your inbox.
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