As a seasoned crypto investor, I’ve seen my fair share of market volatility. Today’s bearish trends are nothing new to me, but the magnitude and speed of the declines have left even the most experienced investors feeling uneasy. Bitcoin (BTC) and Ethereum (ETH) leading the charge with significant price drops, while altcoins like Solana (SOL), XRP, and meme coins followed suit.
Today, crypto markets have witnessed considerable price drops, leading to apprehension among investors worldwide. Bitcoin plunged to a level of $67K, while Ethereum dipped below $3,600. Similar declines were observed in Solana (SOL), XRP, and meme coins. Surprisingly, Gnosis (GNO) and Injective bucked the trend, registering gains between 4-9%.
As a researcher studying the cryptocurrency market, I’ve observed some intriguing developments over the past day. The global crypto market capitalization exhibited a noteworthy decrease of 2.49%, now totalling approximately $2.48 trillion. Conversely, the total crypto market volume underwent a substantial surge, jumping by 53.88% to reach an impressive $74.94 billion.
Here’s a brief report on some of the top cryptos and their price movements today, June 11.
Top Crypto Prices Today
Bitcoin Price
The price of Bitcoin has dropped by 1.83% in the last 24 hours and is now being bought and sold at approximately $68,315. Its lowest and highest points during this period were $67,905.26 and $70,146.84 respectively. It’s quite possible that Bitcoin will transact around the $67,000 threshold today.
As a crypto investor, I’ve noticed that CoinGape Media reported recently that the price drop of the leading cryptocurrency was caused by significant liquidations prior to the Federal Reserve’s meeting. Nevertheless, Bitcoin’s dominance in the market has grown slightly by 0.21% within the last day, reaching a level of 54.14%.
Ethereum Price
Over the last 24 hours, Ethereum’s price decreased by 2.86% to reach $3,576.45. The daily low and high for Ethereum were recorded at $3,571.27 and $3,711.43 respectively. Currently, Ethereum’s market capitalization stands at $427.84 billion, representing a decrease of 3.23% in value over the past day.
Solana Price
As a researcher studying the cryptocurrency market, I’ve observed that the price of Solana (SOL) has experienced a decrease of approximately 2.48% within the last 24 hours. The token is now trading at $155.50. It’s important to note that during this period, SOL reached its lowest and highest points, which were $155.22 and $162.83 respectively.
XRP Price
As a researcher studying the cryptocurrency market, I’ve observed that Ripple Labs’ crypto token, XRP, experienced a decrease of 2.68% over the past 24 hours. The current price sits at $0.4859. It’s important to note that the lowest and highest prices in the last 24 hours were recorded at $0.4849 and $0.5053, respectively.
DOGE & SHIB Prices
In the last 24 hours, Dogecoin (DOGE) decreased by 2.58% to reach $0.1419, and Shiba Inu (SHIB) experienced a decline of 2.92%, resulting in a price of $0.00002261 – both cryptocurrencies followed the market trend for meme-themed digital assets.
Similarly, Pepe coin (PEPE), dogwifhat (WIF), and others followed the broader market’s trend.
Top Crypto Gainers Today
The price of Gnosis (GNO) rose by 8.5%, reaching a new level of $353.47.
Top Crypto Losers Today
The price of Wormhole (W) dropped significantly by 13.38%, now valued at $0.5591.
As a crypto investor, I’ve noticed that on an hourly basis, Bitcoin has dipped by 0.85% and Ethereum by 1.70%. The downward trend extended to altcoins as well, with their prices mimicking the hourly chart patterns of both Bitcoin and Ethereum.
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2024-06-11 08:12