Bitcoin Turns Range-Bound Again Amid an Absence of Fresh Capital; Altcoins Dip Further Into Red
August 3, 2023

Bitcoin Turns Range-Bound Again Amid an Absence of Fresh Capital; Altcoins Dip Further Into Red

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Ether, the second largest crypto by market capitalization was changing hands at $1,843, off 1.3%. Other major cryptos, which spent much of Wednesday in the red, moved more deeply into negative territory. And Litecoin (LTC) recently plunged more than 5%, despite the token’s anticipated halving event, which cut miners rewards in half, curbing the issuance of new tokens. Decentralized exchange Uniswap’s UNI token was off more than 7.5%, while SOL and ADA, the native cryptos of the smart contracts platforms Solana and Cardano, were down more than 2.5%.

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