Crypto On Aug. 2: Bitcoin Drops Below $23,000, Ether At $1,500

KEY POINTS

The market dominance of Bitcoin rose to 41.58% as it outperformed Ether
The best performers include XMR, THETA, CHZ and PAXG
The worst performers include ETC, FIL, DOT and APE

The crypto market opened on a bearish note Tuesday as Bitcoin (BTC) and Ether (ETH) dropped 2.41% and 6.82%, respectively, in the last 24 hours and the leading cryptocurrencies lost $23,000 and $1,600 price levels. The nearest support for BTC was around $22,000 while for Ether was around $1,500.

According to CoinMarketCap data, the price of BTC as of 12:35 a.m. ET was $22,845 and that of ETH was $1,578. Moreover, the market dominance of the world's biggest cryptocurrency rose to 41.58% while Ether's market cap dropped to 18.26%.

The worst performers in the market include Polkadot (DOT) which dropped 13.34% to $7.71; Filecoin (FIL) which dropped 27.10% to $7.74; Ethereum Classic (ETC) which dropped 11.91% to $32.93; Apecoin (APE) which dropped 10.45% to $6.24; and Internet Computer (ICP) which dropped 15.52% to $7.53 as of 12:56 a.m. ET.

On the other hand, among the top 15 cryptocurrencies, Solana (SOL) dropped 6.52% to $40.23; Cardano (ADA) dropped 5.95% to $0.4915; Dogecoin (DOGE) dropped 5.83% to $0.06602; Polygon (MATIC) dropped 7.64% to $0.8576; and Avalanche (AVAX) dropped 7.29% to $22.43 as of 1:02 a.m. ET.

The cryptocurrencies that performed better include Monero (XMR) which rose 0.88% to $157.36; Theta Network (THETA) which rose 1.01% to $1.41; Chiliz (CHZ) which rose 17.69% to $0.1484; and Pax Gold (PAXG) which rose 0.69% to 1,774 as of 1:05 a.m. ET.