Market Update August 15

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The cryptocurrency market has experienced a slight dip in prices over the past 24 hours, with Bitcoin and Ethereum both seeing a decrease in their values. At the time of writing, Bitcoin is down 4.77% to $58,039.62 and Ethereum is down 4.19% to $2,614.14.

This has resulted in a total market cap of $2.06T, down 3.75% from the previous day. Despite the dip in prices, the trading volume in the market has increased by 10.93% to $70.99 billion in the past 24 hours.

This indicates that there is still significant activity and interest in the cryptocurrency market, despite the slight downturn in prices.

Bitcoin, being the largest cryptocurrency by market cap, has a dominance of 55.7%, while Ethereum, the second-largest cryptocurrency, has a dominance of 15.3%.

Other altcoins in the market have also seen a decrease in their values over the past 24 hours, with Binance Coin (BNB) down 1.93%, Solana (SOL) down 2.37%, XRP down 2.02%, Toncoin (TON) down 1.06%, Dogecoin down -3%, and Cardano down -0.91%.