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Bitcoin Crashes to $55K, ETH, SOL, XRP Drop 5%-8%
Cryptocurrency prices regained bearish momentum today after substantial gains in recent days. Bitcoin (BTC) fell to a stop at the $55K price point, while Ethereum (ETH), Solana (SOL), XRP, and the broader market mirrored declining price action.
The global cryptocurrency market cap has seen a 5.19% drop to $2.01 trillion today. However, the total cryptocurrency market volume has increased by 17.71% since yesterday to $64.19 billion, sparking a whirlwind of speculation.
Here is a quick rundown of some of the top cryptocurrencies and their price movements today, July 8.
Best Cryptocurrency Prices Today
Bitcoin Price
BTC Price has dropped by 4.99% in the last 24 hours, settling at $55,122.17. The token’s 24-hour lows and highs were $54,321.02 and $57,971.83, respectively.
Bitcoin dominance saw a 0.07% jump to 53.85% today, underscoring the sluggish performance of the altcoin sector. The market cap of the leading cryptocurrency stood at $1.09 trillion at the time of writing.
In particular, in the midst of this decline, Japan’s Metaplanet has bagged further quantities of BTCa glimmer of hope for future price movements
Ethereum Price
In the meantime, the ETH Price The chart showed signs of a pullback, falling 5.62% to $2,880.37 today. Its 24-hour low and high were $2,826.48 and $3,051.20, respectively.
It is worth noting that the anticipation of strengthened price movements increases as ETH ETF spot remain ready to be launched soon.
Price Solana
The cryptocurrency SOL saw a notable 7.97% drop in value to $130.79. Solana’s 24-hour lows and highs were $128.56 and $142.12 respectively, underlining a highly volatile movement.
XRP Cryptocurrency Price
At the same time, the XRP Price It fell 6.50% to $0.415 over the past day. Its 24-hour highs and lows were $0.4047 and $0.4448, respectively.
DOGE & SHIB Prices
Dogecoin price has seen a 8.75% decline to $0.1021 today. Shiba Inu price has dropped 8.70% to $0.00001547, aligning with the broader market trend.
The prices of cryptocurrencies PEPE, FLOKI and BONK are also down 9%-14% at press time.
Interestingly, this bearish market trend has meant that there are no top gainers for the day. In the meantime, the top losers are as follows.
Read also: Peter Schiff Argues Bitcoin Whales Have Turned ETF Investors Into ‘Bag Holders’
Cryptocurrency’s Biggest Losers Today
Brett Price (BRETT) dropped 15.36% to $0.1073.
Pepper Coin (PEPE) The price dropped 14% to $0.000008213.
dogwife hat (WIF) the price dropped by 13.48% to $1.60.
Jupiter (JUP) The price recorded a 12.03% drop to $0.6793.
Additionally, the hourly charts showed BTC and ETH seeing slight gains, with most of the tokens following this move. Cryptocurrency market enthusiasts continue to keep an eye on the tokens for further changes in price action.
Read also: 98% of Altcoins Have Beaten the Market Cycle, Bitcoin in Transition: Andrew Kang