Bitcoin’s drop is twice as fast as Ethereum’s

Cryptocurrency market experts report that in the first half of August, the leading cryptocurrencies updated their local highs. At the end of the month, BTC fell by 13.88% and ETC by 7.33%.

Among the assets with a moderate market capitalization (from $ 200 million), Compound (cETH) and TON tokens were the best performers. It is worth noting that Toncoin showed growth amid a statement by Telegram founder Pavel Durov about the possible launch of a marketplace for accounts and other Web3 initiatives in the messenger.

The NFT sector saw a decline in trading volumes in August. Polygon and ImmutableX showed positive dynamics. The average price of the ImmutableX digital token increased from $ 10 to $ 50, and trading volumes grew from $ 5 million to $ 28 million.

Last month, the shares of Voyager, a cryptocurrency broker that is currently undergoing bankruptcy proceedings, showed significant growth. However, the company’s value has fallen by more than 99% since the beginning of the year.

As a reminder, over the past day, bitcoin has set an anti-record for the first time since December 2020. The value of the flagship cryptocurrency fell by 5.5% - in just 24 hours, bitcoin dropped below $ 19,000. Currently, BTC is trading at $ 18,776.