Today (August 1st), the cryptocurrency market has plummeted and Bitcoin has fallen below the US $ 24,000 threshold. Bitcoin, the world’s largest and most well-known cryptocurrency, has increased by more than 2% to US $ 23,437. According to CoinGeck, the global crypto market value today has exceeded US $ 1 trillion, but has remained largely unchanged over the past 24 hours at US $ 1.14 trillion.
Meanwhile, Ethereum, the second largest cryptocurrency and token connected to the Ethereum blockchain, fell by about 1% to US $ 1,694. The price of Dogecoin was slightly higher today at $ 0.07, and Shiba Inu also rose more than 3% to $ 0.000012.
The performance of other cryptocurrencies today varies, with prices for Polkadot, Apecoin and Tron, while prices for XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Avalanche, Tether, Polygon and Uniswap have been low in the last 24 hours. Has risen.
The transition from Ethereum’s current mining-based structure to a more energy-efficient system based on bet coins is almost complete. This so-called proof of stake system is scheduled to take effect in September. Marge will move Ethereum from its current proof-of-work system, which uses powerful computers to order transactions, to a system called proof-of-stake, where bet Ether tokens order transactions.
Last week, Singapore-based cryptocurrency exchange Zipmex, which is concentrated in Southeast Asia, filed for bankruptcy protection and became the latest victim of the global depreciation of digital currencies. Zipmex said it was resuming last month after suspending withdrawals on July 20 and is trying to handle its US $ 53 million exposure to crypto lenders Babel Finance and Celsius.