The leader in the cryptocurrency market, Bitcoin is moving towards its first monthly drop since January as rising borrowing rates reduce investors’ appetite for riskier assets.
However, Bitcoin’s dominance is stood currently at 41.70%, an increase of 0.08% over the day.
On the other hand, ApeCoin which is a token tied to the popular Bored Apes NFTs, defied the broader selling tone of the crypto markets and witnessed massive buying.
On CoinMarketCap, the global crypto market cap is $1.78 trillion, a 1.33% decrease over the last day.