Altcoins
Bitcoin Regains Momentum at $56K, Altcoins Mirror Uptrend
Current cryptocurrency prices have sparked considerable optimism among investors in the broader market. Bitcoin (BTC) The price regained upward momentum to the $56K level after falling to the $53K level. Ethereum (ETH) and major cryptocurrencies Solana (SOL), XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) mirrored an upward move.
The global cryptocurrency market capitalization has seen a 2.79% increase in value over the past day, reaching $2.06 trillion. Additionally, the total cryptocurrency market volume has jumped 4.83%, reaching $109.33 billion.
Here is an overview of some of the major cryptocurrencies and their price movements today, July 6.
Best Cryptocurrency Prices Today
Bitcoin Price
BTC price has seen a 1.90% increase in the last 24 hours and is currently trading at $56,369.52. Its 24-hour low and high are $53,717.38 and $56,979.02 respectively.
BTC price surge comes against the backdrop of $143.1 million inflows into the U.S. spot market Bitcoin ETFsaccording to data from SoSo Value. This suggests a potential buy-the-dip strategy by institutions amid Bitcoin recent price collapse.
Nonetheless, the altcoin market has overwhelmed BTC, with its dominance dropping by 0.62% to 53.87% today.
Ethereum Price
ETH price is up 2.12% over the past day, hitting $2,973. Its 24-hour low and high were $2,957.40 and $3,023.58, respectively.
Ethereum’s market cap stands at $357.61 billion today. Despite a looming ETF, the cryptocurrency has shown immense volatility, with massive outflows recorded as institutions favor BTC and SOL over ETH.
Price Solana
Meanwhile, the cryptocurrency Price of SOL
saw a 9.14% rise to $134.77 today. Solana’s 24-hour lows and highs were recorded at $122.42 and $137.53, respectively.
XRP Price
Similarly, aligning with the broader trend in the cryptocurrency market, the Ripple-backed asset Exchange rate risk recorded gains of 8.15%, settling at $0.428. XRP’s 24-hour highs and lows were $0.3948 and $0.4314, respectively.
DOGE & SHIB Prices
Dogecoin price has seen a significant rebound, rising 11.81% to $0.1067 today. Shiba Inu followed suit, gaining 14.69% to $0.00001508.
Meanwhile, PEPE, FLOKI and BONK surged 9%-16%, while WIF secured its place among the day’s top gainers.
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Cryptocurrency’s Biggest Earnings Today
Akash Network (AKT) The price had a phenomenal rise of 26.92%, reaching $3.35.
dogwife hat (WIF) followed by a 26.17% rise to $1.93.
MANTRA (OM) The price increased by 22.87% to $0.8321.
MultiverseX (EGLD) the price was 18.29% at $33.33
Cryptocurrency’s Biggest Losers Today
SITTING LION (LION) the price dropped 1% to $5.69.
Core (CORE) The price saw a slight decline of 0.23% to $0.8873.
However, the hourly charts for BTC and ETH showed slight declines, highlighting the presence of some volatility. However, altcoins continued to pump during the same period, rationalizing BTC’s falling dominance.
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