Cryptocurrency Prices Today: Bitcoin and Ether Prices Drop as Cryptocurrencies Continue to Be Volatile

The cryptocurrency sector shows no sign of respite, with most cryptocurrencies regularly posting losses on the price charts. Bitcoin posted a price decline of around 1.37% on Wednesday, July 3. On overseas exchanges like CoinMarketCap, BTC is trading at $60,827 (roughly Rs. 50.7 lakh) – down $810 (roughly Rs. 67,638) from the price at which BTC entered the trading arena earlier this week. Meanwhile, Indian exchanges like CoinSwitch and WazirX show BTC trading at a price of $66,332 (roughly Rs. 55.3 lakh) on Wednesday.

“The cryptocurrency market has seen a decline following higher than expected US job openings data. Technically, the market is slightly negative due to the bearish trend Bitcoin. However, ETF inflows continue to be positive, which is a good sign. Currently, Solana is outperforming BTC and ETH due to the ETF hype and BTC could fall further,” CoinDCX’s markets desk told Gadgets360.

Ether posted losses alongside BTC on Wednesday, the Cryptocurrency Price Tracking According to Gadgets360, at the time of writing, ETH was trading at $3,353 (roughly Rs. 2.80 lakh) on international exchanges, while the asset was listed at $3,616 (roughly Rs. 3.02 lakh) on Indian exchanges.

“ETH, after hitting the recent high of $4,093 (roughly Rs. 3.41 lakh), saw a sharp correction and prices fell by nearly 31%. The asset started trading in a ‘descending triangle’ pattern. ETH broke out of the pattern and climbed to $3,977 (roughly Rs. 3.32 lakh). The bulls, however, failed to breach the psychological level of $4,000 (roughly Rs. 3.34 lakh) and the asset booked profits and fell to $3,240 (roughly Rs. 2.70 lakh),” ZebPay’s trading desk told Gadgets360.

BTC and ETH were joined by most cryptocurrencies on the losing side of the price chart on Wednesday.

Attached, Ripple, Dogecoin, avalanche, Shiba InuAnd Peas losses recorded.

Other altcoins that saw losses include Litecoin, Polygon, Stellar, CosmosAnd Chronos.

The overall cryptocurrency market capitalization fell by 2.76% in the last 24 hours, data shows CoinMarketCapThe current valuation of the sector stands at $2.26 trillion (approximately Rs. 1,892,176 crore).

Only a handful of cryptocurrencies managed to register gains on Wednesday. These include: Solana, Cardan, Tron, Chain link, Close protocolAnd Leo.

“In altcoins, Solana seems to be the notable performer alongside Telegram-backed Toncoin. Solana’s surge can be attributed to the recent ETF filing by VanEck alongside one of its famous memecoin protocols, pump.fun generated $2 million in revenue in a day, which is more than Ethereum’s daily revenue,” CoinSwitch Markets Desk told Gadgets360. Solana is currently trading at $12,210 (roughly Rs. 10 lakh) on overseas exchanges and $13,251 (roughly Rs. 11 lakh) on Indian exchanges.

The buzz around ETH and SOL ETFs in the US and Canada is likely also a factor behind the instability seen in the global crypto sector.

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