As a seasoned crypto investor with a few years of experience under my belt, today’s market trends have been a roller coaster ride. The bearish wave that swept through the market today was quite disheartening, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. I saw Bitcoin dip to $65,374.98, down 1.39% over the past day, while Ethereum fell 4.39% to $3,428.45.
Today, crypto prices took a downturn with Bitcoin (BTC) dipping to $65K, triggering a bearish trend. Ethereum (ETH), on the other hand, hinted at a retreat. The altcoin market, including Solana (SOL), predominantly mirrored this trend, experiencing a decrease of approximately 9%-13%. Dogecoin (DOGE) and Shiba Inu (SHIB), the meme coins, also saw a dip within this range. However, XRP bucked the trend by trading in the positive territory.
As a crypto investor, I’ve noticed a sizable decrease of 3.14% in the global crypto market cap, bringing it down to $2.35 trillion. Interestingly enough, the total crypto market volume has experienced a substantial surge of 104.01%, reaching $94.07 billion in just one day. This turn of events comes on the heels of considerable outflows within the crypto sector, which were instigated by the U.S. Federal Reserve’s assertive monetary stance.
Here’s a collection of some of the top cryptos and their price movements today, June 18.
Top Crypto Prices Today
Bitcoin Price
The Bitcoin price chart displayed a weaker trend today, dropping to a low of $65,374.98, representing a 1.39% decrease in value over the past 24 hours. The day’s lowest and highest points for the token were $64,597.25 and $67,252.08, respectively.
Bitcoin’s control over the cryptocurrency market grew by 0.93% in the past day to reach a dominance of 54.87%. The digital currency’s market capitalization decreased to $1.29 trillion. This decline occurred amidst approximately $146 million worth of withdrawals from U.S. spot Bitcoin ETFs, according to Farside Investors data.
Ethereum Price
As a researcher studying the Ethereum (ETH) market trends, I’ve observed a predominantly downward trajectory over the past 24 hours. The price of ETH has dipped by 4.39%, landing at $3,428.45. During this period, the token touched its lowest point at $3,371.59 and reached its highest at $3,591.67.
Ethereum boasted a market cap of $419.50 billion.
Solana Price
The price of SOL has decreased by 9.25% in the last 24 hours, now sitting at $134.26 during this update. Over the same timeframe, Solana’s lowest and highest points were at $130.16 and $148.95 respectively.
XRP Price
Although supported by Ripple Labs, XRP experienced a minor increase of 0.33% within the last day, reaching a value of $0.4893. The lowest and highest points in the previous 24 hours were $0.4808 and $0.5194, respectively.
DOGE & SHIB Prices
As a researcher studying the meme coin market, I’ve observed that these digital assets have followed the downward trend of the broader cryptocurrency market. For instance, Dogecoin (DOGE) experienced a 9.74% decline, dropping from its previous value to $0.122. Similarly, Shiba Inu (SHIB) fell by 12.12%, reaching a price of $0.00001802. Pepe coin (PEPE) also plunged, with a significant loss of 11.84% and now trading at $0.00001055.
Top Crypto Gainers Today
According to CoinMarketCap’s latest data, XRP was the sole significant price mover today, experiencing noteworthy fluctuations in the market.
Top Crypto Losers Today
As a crypto investor, I’ve experienced some significant price drops recently. Specifically, zkSync (ZK) tumbled 30.23% to hit a new low of $0.2002. Fantom (FTM) followed suit with a 20.69% decline, landing at a price of $0.5013. Ethana (ENA) also took a hit, plunging 18.89% to reach $0.6021. Lastly, Starknet (STRK) dipped 17.82%, settling at a price of $0.7444.
As I delve deeper into the cryptocurrency market analysis, it’s important to note that Bitcoin (BTC) and Ethereum (ETH) have exhibited hourly gains, indicating a struggle to secure upward momentum. Likewise, coins such as Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and others have displayed comparable trends.
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2024-06-18 12:07