Altcoins
Bitcoin Crashes to $53.6K, Altcoins Bleed
Cryptocurrency prices today had traders and investors sweating as the Bitcoin (BTC) price chart shows signs of a potential pullback to the $55K price level. Major altcoins Ethereum (ETH), Solana (SOL), and XRP mimicked this declining price movement, showing signs of a potential correction over the past day.
The global cryptocurrency market capitalization has seen a 4.58% decline to $2.07 trillion today. However, the total cryptocurrency market volume over the past day has seen an 8.14% increase to $92.26 billion.
Here is a quick rundown of some of the top cryptocurrencies and their price movements as of July 5th.
Best Cryptocurrency Prices Today
Bitcoin Price
THE BTC Price The trajectory illustrated a decline of 6.07% at press time, trading at $55,429.99. Its 24-hour low and high were recorded at $53,680.23 and $59,006, respectively.
It is worth noting that this price collapse action occurs against the backdrop of Mt. Gox’s Massive Bitcoin Transfer to an unknown wallet, worth a whopping $2.7 billion. In addition, the place in the United States Bitcoin ETFs recorded outflows of $20.45 million, raising concerns among investors.
Bitcoin dominance is up 0.80% since yesterday, indicating a significant price decline in the altcoin market.
Ethereum Price
ETH price showed signs of correction today, sliding 10.01% to $2,910.31. Its 24-hour low and high are $2,892.27 and $3,243.70, respectively.
Ethereum market capitalization dropped significantly to $349.3 billion.
Price Solana
In the meantime, the Price SOL next chart, correcting 9.47% to $123.77. Solana’s 24-hour lows and highs were recorded at $122.45 and $137.14, respectively.
XRP Price
Cryptocurrency supported by Ripple XRP Price stood at $0.401, a significant decline of 12.73% from the previous day. The token’s 24-hour lows and highs were $0.3908 and $0.4599, respectively.
DOGE & SHIB Prices
Dogecoin price has dropped by 18.08% over the past day and is now trading at $0.09468. Similarly, Shiba Inu price has dropped by 17.73% to $0.0000131. Pepe coin (PEPE) price has dropped by 19.23% to $0.000007899.
Top Cryptocurrency Earnings Today
The only token trading in positive territory, according to CoinMarketCap data, was UNUS SED LEO (LEO), up 1.30% to $5.82.
Read also: Former Obama Lawyer Says Regulators Are ‘Deliberately Lowering the Value of Cryptocurrencies’
Cryptocurrency’s Biggest Losers Today
The biggest losers of the day were:
Brett (BRETT), down 24.30% to $0.1703.
Notcoin (NOT), trading at $0.009445 with a decrease of 23.70%.
Starknet (STRK) price dropped by 22.72% to $0.4702.
Core (CORE) price rose by $22.67 to $0.8889.
Hourly charts showed that while BTC continued to follow a declining trend, most altcoins followed suit, with the exception of SOL and XRP, which gained just over 1%. Cryptocurrency market participants continue to keep an eye on the market for further price action.
Read also: K Labor Party Wins Polls On Exit Poll, Is Labor Party Good For Bitcoin?
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