Altcoins
Bitcoin Hits All-Time High: How Altcoins Were Affected
THE cryptocurrency Market is showing volatile price movements today. Bitcoin (BTC) briefly surpassed $66,000, while altcoins such as Ethereum (ETH), Solana (SOL), and XRP were on the rise. However, meme coins saw a price drop.
Bitcoin surpasses $66,000
Bitcoin prices rose 1.49% today, hitting $65,672.92. BTC hit a 24-hour high of $66,101.62. However, the leading cryptocurrency fell as low as $62,487.97 in the same time frame. Spot Bitcoin ETFs recorded inflows of $422.67 million for the eighth consecutive day as of July 16, according to data from Soso Value, which confirmed BTC constant movement in the green zone.
Ethereum and Solana’s Price Movements
Ethereal (ETH) price has been fluctuating but has managed to stay in the green zone. ETH is trading at $3,488.67, up 0.44% over the past 24 hours. Data from Spotonchain shows that there have been massive dumps of ETH by ICO whales ahead of the ETH ETF launch. This may have triggered today’s price fluctuations.
Solana (SOL) price rose by 1.92% to trade at $161.06 today. SOL saw a 24-hour low of $153.05 and a 24-hour high of $163.66. This increase in Solana was considered as a promising price movement among investors.
As Bitcoin Hits Record Highs, XRP and Meme Coins
Exchange rate risk The price continued to trade in the green zone and reached $0.5859, up 3.24%. The Ripple-backed cryptocurrency recorded a 24-hour low of $0.5343 and a 24-hour high of $0.5925. As the final verdict in the court draws near, XRP has gained significant bullish momentum. Breaking above the $0.56 level, XRP is heading towards $0.6, a major resistance point.
Dogecoin (DOGE) is down 0.41% in the past 24 hours to $0.1256. Similarly, Shiba Inu (SHIB) is down 1.98% to $0.00001954. Also, Floki Inu is down 4.38% to $0.0001877. However, PEPE and WIF have managed to stay in the green zone.
The Most Profitable and Losing Cryptocurrencies
Worldcoin (WLD) price increased by 18.63% to $2.75. Helium (HNT) price increased by 14.96% to $4.31. Arweave (AR) price increased by 11.22% to $31.19. Core (CORE) price increased by 10.47% to $1.42.
Uniswap (UNI) price dropped by 4.40% to $8.20. Brett (BRETT) price dropped by 4.01% to $0.1411. Notcoon (NOT) price dropped by 3.99% to $0.01647. Toncoin (TON) price fallen 3.98% to $7.30.
General situation in the cryptocurrency market
The global Encrypt market cap increased by 0.99% to $2.4 trillion. At the same time, the total cryptocurrency market cap increased by 16.79% to $97.9 billion as of yesterday. On the hourly charts, BTC is up by 0.53% and ETH is up by 0.42%. Similarly, altcoins such as SOL and XRP have also increased in the same time frame, continuing the positive sentiment in the cryptocurrency market. As we at Kriptokoin.com have warned that cryptocurrency markets can exhibit volatile price movements. Careful research is recommended before investing.
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