Crypto currencies mixed, Bitcoin and Ethereum drop

The global crypto market capitalisation plunged by 1.30% to $1.07 trillion

The crypto currency market Tuesday showed a mixed trend, with Bitcoin and Ethereum experiencing bear activity while some altcoins such as Tezos and Ocean Protocol saw bull trends. The global crypto market capitalisation plunged 1.30% to $1.07 trillion, with the fear and greed index maintaining a neutral stance at 45.

Bitcoin, the world’s top crypto currency, experienced a minor daily decline of 0.91%, bringing its price to $27,600. In spite of this setback, Bitcoin managed a slight weekly increase of 0.1%. The crypto currency’s trade volume soared by 62% to hit $12.1 billion.

Ethereum, the second-biggest crypto currency in terms of market capitalisation, also followed a bearish trend. The digital asset marked a daily decline of 2.33%, bringing its price down to $1590. This drop added to its weekly decline of 4.67%. In spite of the price drops, Ethereum’s trade volume climbed by 125% to hit $7.2 billion.

OKB, on the other hand, displayed slight bull activity with a daily rise of 0.64%, bringing its price to $43.02. This rise took place despite a minor weekly decline of 0.6%. OKB’s trade volume saw a significant increase of 133% to stand at $2.1 million.

Tezos and Ocean Protocol emerged as strong performers in the altcoin market, both showing bull trends. Tezos logged a strong 7.7% daily and a 6% weekly increase, bringing its price to $0.7296. Ocean Protocol saw a 1.1% daily rise, in spite of a 2.4% weekly decline, with its price standing at $0.3053.

The trade volumes for Tezos and Ocean Protocol were logged at $97.6 million and $33 million, respectively, showing the heightened trading activity in these digital assets.