Altcoins
Bitcoin Falls to $53,600, Altcoins Bleed
Cryptocurrency prices have traders and investors sweating today as the Bitcoin (BTC) price chart illustrates signs of a potential pullback towards the $55,000 price level. Major altcoins Ethereum (ETH), Solana (SOL), and XRP have mimicked this downward price movement, showing signs of a potential correction over the past day.
The global cryptocurrency market capitalization fell by 4.58% to $2.07 trillion today. However, the total cryptocurrency market volume over the past day saw an increase of 8.14% to $92.26 billion.
Here is a brief report on some of the major cryptocurrencies and their price movements as of July 5.
Best Cryptocurrency Prices Today
Bitcoin Price
THE BTC Price The stock’s trajectory was down 6.07% at press time, trading at $55,429.99. Its 24-hour lows and highs were recorded at $53,680.23 and $59,006, respectively.
It should be noted that this price drop comes in the context of Mt. Gox Massive Bitcoin Transfer to an unknown portfolio worth a whopping $2.7 billion. In addition, the U.S. cash market Bitcoin ETF recorded $20.45 million in outflows, raising concerns among investors.
Bitcoin dominance has increased by 0.80% since yesterday, indicating a significant price decline in the altcoin market.
Ethereum Price
ETH price showed signs of correction today, down 10.01% to $2,910.31. Its 24-hour lows and highs are $2,892.27 and $3,243.70, respectively.
Ethereum Market capitalization fell significantly to $349.3 billion.
Solana Price
Meanwhile, the SOL Price The chart followed, correcting 9.47% to $123.77. Solana’s 24-hour lows and highs were recorded at $122.45 and $137.14, respectively.
XRP Price
Ripple-backed cryptocurrency XRP Price The token reached $0.401, a significant decrease of 12.73% over the past day. The token’s 24-hour lows and highs were $0.3908 and $0.4599, respectively.
DOGE & SHIB Prices
Dogecoin price dropped by 18.08% over the past day and was trading at $0.09468. Similarly, Shiba Inu price dropped by 17.73% to $0.0000131. Pepe coin (PEPE) price dropped by 19.23% to $0.000007899.
Best Cryptocurrency Gain Today
The only token trading in green territory, according to CoinMarketCap data, was UNUS SED LEO (LEO), up 1.30% to $5.82.
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The Biggest Cryptocurrency Losers Today
Among the big losers of the day were:
Brett (BRETT), down 24.30% to $0.1703.
Notcoin (NOT), is trading at $0.009445 with a drop of 23.70%.
Starknet (STRK) price fell 22.72% to $0.4702.
Core (CORE) price climbed from $22.67 to $0.8889.
The hourly charts showed that while BTC continued its downward movement, a majority of altcoins followed suit, with the exception of SOL and XRP, which gained just over 1%. Cryptocurrency market participants continue to closely monitor the market for further price changes.
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