Altcoins
BTC at $64K, ETH Above $3,400, Major Altcoin Rally
Cryptocurrency prices today continued yesterday’s momentum. As a result, this signals a potential bull market that will take coin prices to new highs. As investors begin to regain confidence, interesting price movements and upgrades have been observed over the past day. In particular, positive sentiment has continued to loom over the market with the fear and greed index pointing to “greed” at press time.
Bitcoin had previously hit a weekly high of $66k before retracting some of its accumulated gains. Along the same lines, Ethereum has maintained its position above the $3,400 mark ahead of the upcoming ETH ETF launch. At the same time, other major altcoins have recorded healthy gains in a day, consequently pushing the total market cap to $2.38 trillion, showing a 1.82% increase in the observed time. With that, let’s take a look at the highest cryptocurrency prices today.
Update on the prices of the main cryptocurrencies
THE Bitcoin Chart has shown an impressive price movement in the last 24 hours. The flagship cryptocurrency has gained 1.51% to trade at $64,923. This is interesting because the rally comes less than 24 hours after the defunct Mt. Gox exchange initiated another $9 billion transfer of BTC that triggered a new FUD. One factor that can be attributed to the sudden increase in value is the steady inflows of ETFs. As of July 16, the spot Bitcoin ETF has received about $422.67 million in inflows. Investors are starting to target the $70k mark as the rally continues.
Ethereum has turned the upcoming ETF launch into a stimulus as its price continues to push towards $3,500. The coin’s value has seen a 1.0% increase to $3,453. Interestingly, ETH has maintained this path even though there have been significant whale transactions over the past day. Coinfomania previously reported that two wallets related to Ethereum’s ICO moved more than 3,600 ETH in a day. However, these astonishing transactions did not deter the second-largest cryptocurrency by trading volume. Additionally, ETH saw a 4.03% decrease in its 24-hour trading volume to $19.0 billion.
Other Altcoin Prices
As previously stated, other altcoins have joined the rally. Solana (SOL), which occupies the fifth largest position among cryptocurrencies, has seen a modest increase of 2.59% to trade at $160.91. Furthermore, SOL has changed hands between the lows and highs of $154.64 and $163 respectively.
Ripple-backed coin XRP is the fastest-growing major cryptocurrency today. The price of XRP has seen an unprecedented surge of 14.35% to $0.624. The XRP community has been waiting for this price breakout for a long time after consolidating around $0.4. The exciting jump comes amid a Ripple Transfers 150 Million XRP to an unknown wallet in the morning.
Meanwhile, Toncoin (TON) is down 1.91% to trade at $7.23. TON has seen lows and highs of $7.23 and $7.42, respectively. However, Binance Coin (BNB) has jumped 1.08% to trade at $576.09. Over the past day, BNB has moved around $564 and $584, respectively.
Dogecoin (DOGE) and Shiba Inu (SHIB) have been on the uptrend. Both coins have added 1.56% and 0.44% to their values, respectively. While DOGE is changing hands at $0.124, SHIB is stuck at $0.00001929.
Leading the memecoins, Dogecoin (DOGE) and Shiba Inu (SHIB) have shown upward trends. The two coins have gained 1.56% and 0.44% respectively. While Dogecoin is trading at $0.124, the beloved Shiba Inu is currently at $0.00001929.
Top Trending Earnings Today
Catsaidmeow (MEOW) rose 70.50% to $0.001773
Worldcoin (WLD) rose 40.80% to $3.04
Fofar (FOFAR) rose 17.50% to $0.00005963
Terra Classic (LUNC) rose 16.89% to $0.00009252
Manta Network (MANTA) jumped 14.58% to $1.01
io.net (iO) rose 12% to $2.78
Most coins in the cryptocurrency market have resumed the week that started on July 15 in the green. While most of them have maintained their momentum after 72 hours, it will be interesting to see how the week ends.