Cryptocurrency market is facing price dip and Ethereum gas fees hit 2 weeks low

Ethereum median gas fees hit 2 weeks low to 2.8 GWEI on June 23, 2024 according to Dune. Whereas, 2 weeks high happened on June 12 with median gas fees hit 19.6 Gwei.

Cryptocurrency market is facing price dip.

OP 7 days price down 16%

SOL 7 days price down 14%

UNI 7 days price down 12%

MATIC 7 days price down 8%

These altcoins are facing correction. However, BTC and ETH prices remain relatively strong.

BTC, ETH, BNB, and TON are among the strongest cryptocurrencies.

BTC 7 days price down 5% and ETH 7 days price down 4%.

Altcoins that have high valuation in fully diluted market cap are facing selling pressure from token unlocks that create dilution effect. This is a factor that prevent the price chart to break out.

Some of these tokens are STRK, ZK, WLD, ZRO, JUP, SUI, and APT.

The trend of cryptocurrency market is still bullish as crypto investors are waiting for the launch of Ethereum ETFs. Ethereum ETFs can bring investors from stock markets to invest in crypto. Therefore, more capital inflow to crypto market.