Bitcoin Doubled Ethereum Fall Last Month

Leading cryptocurrencies updated their local highs in the first half of August. However, at the end of the month, Bitcoin fell by almost 14% and Ethereum by almost 8%.

BTC dominance has recently fallen below 40%, to record lows in early 2022 and 2018.

Among the assets with a moderate capitalization, those from $200 million, the Ethereum pool tokens Compound (cETH) and TON were among the best in terms of dynamics.

At the end of the month, almost all DeFi tokens from the top 20 by capitalization were in red. The exception is Balancer (BAL) and PancakeSwap (CAKE).

As far as the NFT sector is concerned, the decline in trading volumes continued in August. However, regarding blockchains, Polygon and ImmutableX demonstrated noticeable positive dynamics.