Cryptocurrency movements in July, and expectations in August
July was a mixed month for the cryptocurrency market, with some coins experiencing gains while others suffered losses. Here are some of the key movements that took place: Bitcoin (BTC) : The largest cryptocurrency by market cap finished July down about 3.5% after surging 12% in June However, some analysts believe that BTC could see a rebound in August due to a falling Bitcoin Dominance Index (BTCD) Ethereum (ETH) : ETH prices dropped 3.8% in June to close out the month at $1,871 However, some experts believe that ETH could see a rebound in August due to the upcoming London hard fork, which is expected to improve transaction speeds and reduce fees Altcoins : July was a bearish month for altcoins, with many experiencing losses The prime reason for the market downturn was the downfall of one of the largest global cryptocurrency exchanges, FTX, which declared bankruptcy. Looking ahead to August, there are several potential catalysts that could impact the cryptocurrency market: Real-ti...