05 AUG, 2022

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After a decent recuperation in July, the international cryptocurrency market battled to extend gains initially of this month.

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Bitcoin, the front runner currency, tumbled below $23,000, after rising $24,000 last month.

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The majority of the cryptocurrencies were selling red on Thursday amidst rising US-China tensions.

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Beyond, the crypto market was likewise unfazed by Solana strikes, which jeopardized 8000 pocketbooks as well as eliminated virtually $7 millions.

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The leading cryptocurrency, Bitcoin, dropped 2.31 percent, trading at $22,843

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While Ether, the second largest cryptocurrency in terms of market capitalization.

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It dropped 3.07 percent to 1,614 over the previous day, according to Coindesk data at 16:46 IST.

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For the month of July, Bitcoin leapt greater than 17 percent because October as well as struck the $24,000 mark.

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Ether climbed 57 percent because January 2021 and transformed hands around $1,700, according to Reuters.

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