Global #cryptocurrency market

As of now, Bitcoin and major altcoins exhibit stability, yet the aftermath of the weekend's sharp liquidation has left a significant impact on the market. The recent wave of liquidations, which saw billions in leveraged positions wiped out, has created a technical pressure on prices, even though the market seems stable at press time.

A recent analysis by prominent crypto analyst CrediBULL Crypto has highlighted a significant divergence between Bitcoin (BTC) and Ethereum (ETH), indicating a potential disparity in their recovery trajectories.

Binance Coin (BNB) has recently faced a significant downturn, with its value plummeting by 31% over the past four days. This steep decline is part of a broader market crash that has adversely impacted most cryptocurrencies.

Ripple's XRP has made a notable recovery following a severe market correction on August 5. After hitting a one-month low of $0.43, XRP has surged by 15% over the past 24 hours, crossing the crucial $0.50 mark.

In the past 24 hours, the cryptocurrency market has experienced a modest rebound, recovering from Monday’s sharp decline that saw many assets hit multi-year lows.

In a dramatic shift within the cryptocurrency market, Shiba Inu has edged ahead of Avalanche, now holding a market valuation of $7.9 billion compared to Avalanche’s $7.8 billion. This rise in Shiba Inu's valuation comes despite a sharp downturn in the cryptocurrency market earlier today.