As a researcher with experience in the crypto market, I find today’s bearish trend disappointing but not entirely unexpected. The price drop in Bitcoin (BTC) and its subsequent impact on Ethereum (ETH), Solana (SOL), XRP, and even meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), is a common occurrence during market volatility.
As a crypto investor, I’ve noticed that the prices of most cryptocurrencies have taken a bearish turn today. Bitcoin‘s (BTC) price dipping back to $60K has been a significant factor in this trend, with BTC ETF outflows adding to the downward pressure. Ethereum (ETH), Solana (SOL), and XRP have all followed suit, trading in the red zone. Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have mirrored this bearish price action as well.
Significantly, the total value of all cryptocurrencies in circulation has dropped by 1.81% to reach $2.25 trillion, while the aggregate volume of crypto trading over the past 24 hours has decreased by 0.65% to $60.95 billion.
Here’s a report on some of the top cryptocurrencies and their price movements today, June 29.
Top Crypto Prices Today
Bitcoin Price
The price of Bitcoin reached $60,644.16 today, representing a 1.82% decrease over the previous 24 hours. Notably, there were withdrawals amounting to $9.4 million from Bitcoin ETFs on June 28. Following three successive days with inflows, this outflow seems to have negatively impacted the cryptocurrency token.
The lowest and highest prices Bitcoin reached within the last 24 hours were $59,985.40 and $61,768.43, respectively. Currently, Bitcoin holds a market dominance of 53.12%, marking a slight increase of 0.01% compared to the previous day.
Ethereum Price
As an analyst, I’ve observed that Ethereum’s price has taken a 2.21% hit and is currently trading at $3,379.78. The day’s lowest and highest points for Ethereum were recorded at $3,363.44 and $3,467.83 respectively. Despite the excitement surrounding the upcoming launch of the ETH ETF, Ethereum has yet to demonstrate a substantial upward price trend.
Solana Price
Concurrently, the value of cryptocurrency SOL decreased by 3.73% to reach its current price of $141.58. Its lowest and highest points within the last 24 hours were recorded at $139.31 and $147.40 respectively.
XRP Price
The price of XRP, which is backed by Ripple, experienced volatile swings, trading between losing and gaining ground. Currently, it’s priced at $0.4739, representing a 0.33% decrease over the past day. Its lowest and highest points within the last 24 hours were $0.4703 and $0.4802 respectively.
DOGE & SHIB Prices
The price of Dogecoin decreased by 2.21%, landing at $0.1237 over the past 24 hours. Similarly, Shiba Inu experienced a 2.21% decline, reaching $0.00001705.
Other meme coins PEPE, WIF, and BONK, followed, decreasing 1-7% today.
Top Crypto Gainers Today
The price of Quant (QNT) increased by 7.92%, reaching a new level of $78.82.
Top Crypto Losers Today
The price of Lido DAO (LDO) experienced a decline, dropping by 14.99% to land at $2.
As an analyst, I’ve been closely observing the hourly charts of Bitcoin, Ethereum, and leading altcoins, which have been highlighting a volatile trend with a minor downturn in prices recently. Market players are keeping a close eye on these fluctuations to anticipate any potential price shifts that may occur in the future.
Read More
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- BEN PREDICTION. BEN cryptocurrency
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2024-06-29 07:52