Altcoins
BTC and ETH Soar, SOL, XRP, DOGE Lead Major Altcoin Surge
Cryptocurrency prices have shown mixed movements today. Some of the coins are currently trading in the green while others are in the red zone. Several news and updates have affected the market trajectory since last weekend, such as Joe Biden’s withdrawal from the US presidential race, the hacking of the Wazirx exchange, and the next batch of Mt. Gox Creditors Refunds.
However, major cryptocurrencies have shown resilience following these upgrades. Bitcoin price, for example, has maintained its position above $67,000 while Ethereum continues to trade above $3,400. Moreover, as investor sentiment continues to improve, other altcoins have also performed noteworthy. The Crypto Fear and Greed Index, a metric used to measure investor sentiment, shows that investor sentiment has jumped to “Greed,” stopping at 70 points. Meanwhile, the total market value has marginally jumped 0.87% to $2.46 trillion. Let’s take a look at an overview of the highest cryptocurrency prices in the market over the past 24 hours.
Source: Alternative
Update on the prices of the main cryptocurrencies
Following Joe Biden’s announcement that he is withdrawing from the presidential race, BTC witnessed selling pressure that pushed the price down to $65k. However, less than 24 hours later, the flagship cryptocurrency jumped 1.10% to $67,648. Furthermore, it can be seen in its 24-hour trading volume that the assets surrounding the coin have significantly increased by 78.29% to $32.2 billion. Notably, Bitcoin ETF spot inflows as of July 19 were $383.6 million according to Soso Value DataThe cumulative total net inflow is $17.01 billion.
The altcoin market is showing mixed movements. Leading the charge, Ethereum (ETH) has added 0.09% to its value at the time of writing, settling at $3,500. The anticipation behind the upcoming launch of an Ethereum ETF could be attributed as the main trigger for the recent rally. As investors wait, the price of ETH has hit lows and highs of $3,430 and $3,560 respectively.
Other Altcoin Prices
Solana (SOL) price saw a 4.41% increase to $180. Furthermore, the fifth largest cryptocurrency had lows and highs of $171.23 and $184, respectively. In hindsight, SOL has had an impressive trajectory as the weekly chart shows a significant increase in value of 18.61%.
Ripple-backed XRP token surged by 5.60%, climbing above $0.6 to trade at $0.616. Interestingly, XRP traded between $0.5775 and $0.6173 in a day.
Meanwhile, Binance Coin (BNB) rose 0.77% to $600, holding a low and high range of $583.50 and $605, respectively. However, Toncoin (TON) fell 1.51% to $7.03. Its daily lows and highs were $7.01-$7.22.
Dogecoin (DOGE) and Shiba Inu (SHIB), the leading memecoins, have surged over the past 24 hours. While DOGE has seen a notable gain of 5.56%, SHIB has seen a marginal upside of 0.32%. As a result, DOGE and SHIB are now changing hands at $0.139 and $0.00001783 respectively.
Top Trending Earnings Today
Cat in a Dogs World (MEW) rose 42.09% to $0.0082
AMC (AMC) rose 19.25% to $0.0000000668
Celestia (TIA) rose 15.12% to $7.47
TARS AI (TAI) rose 10.60% to reach $0.116
ether.fi (ETHFI) jumped 7.29% to $2.58
Manta Network (MANTA) rose 4.39% to $1.06
Most coins in the cryptocurrency market have resumed the week that began on July 22 in the green. While the overall outlook looks positive and impressive, it will be interesting to see how long it will last and how the week ends.