As a seasoned crypto investor with a keen eye for market trends, I’ve seen my fair share of price fluctuations in the cryptocurrency world. Today’s bearish trend is not unfamiliar territory, but it’s always disheartening to see significant dips in the prices of top coins like Bitcoin, Ethereum, Solana, and XRP.
As a researcher studying the cryptocurrency market, I’ve observed that most prices have taken a substantial bearish turn over the last day, leaving traders and investors feeling uneasy. Bitcoin (BTC) dipped as low as $58,000 in the past 24 hours, while Ethereum (ETH), Solana (SOL), and XRP followed suit with similar downtrends.
The total value of the global cryptocurrency market dropped by 3.94%, landing at approximately $2.18 trillion today. In contrast, the overall crypto market volume experienced a significant surge, rising by 59.38% to reach around $85.75 billion.
So, let’s take a look at some of the top cryptocurrencies and their price action for today, July 4.
Top Crypto Prices Today
Bitcoin Price
I’ve noticed a decrease of 3.03% in the price of Bitcoin within the last 24 hours, which is now trading at $59,064.44 on the market. The lowest and highest points in the past day for BTC were $58,067.63 and $61,079.38 respectively.
The past day brought about a 0.28% rise in Bitcoin’s market dominance, amounting to 53.43%, indicating a weakening trend for altcoins. Meanwhile, Bitcoin’s market capitalization stood firm at an impressive $1.16 trillion.
As an analyst, I’d like to point out that the German government recently sold a substantial quantity of Bitcoins, which has sparked discussions regarding potential impacts on the digital currency’s market price.
Ethereum Price
As a crypto investor, I’ve observed that the Ethereum price dipped by 3.44% in the last 24 hours, bringing it down to $3,240.11. The day’s lowest and highest points for ETH were recorded at $3,182.73 and $3,366.48 respectively.
Solana Price
Simultaneously, the cryptocurrency Sol experienced a decrease of 8.31%, reaching a value of $136.67. Its minimum and maximum prices within the last 24 hours were $134.05 and $149.33 respectively.
XRP Price
The XRP price decreased by 4.33%, reaching a value of $0.4588. The price ranged from a low of $0.4527 to a high of $0.4842 over the past 24 hours.
As a researcher examining the cryptocurrency market, I’ve observed that Ripple has submitted a Notice of Supplemental Authority in an ongoing legal case. This move aims to bolster their argument and potentially strengthen the position of XRP. However, despite this development, XRP has yet to experience a substantial upswing in momentum.
DOGE & SHIB Prices
As a crypto investor, I’ve noticed a setback in the prices of Dogecoin (DOGE) and Shiba Inu (SHIB). DOGE experienced a decline of 5.4%, dropping down to $0.1153. Similarly, SHIB saw a decrease of 5.82%, resulting in a price point of $0.00001594.
At present, Pepe Coin has displayed indications of a price adjustment within the last 24 hours, with its current value being $0.000009744.
Top Crypto Gainers Today
Worldcoin (WLD) price soared 6.03% to $2.32.
Bittensor (TAO) price gained 1.83% to $234.98.
Top Crypto Losers Today
The price of Akash Network (AKT) decreased by 12.26%, landing at $3.28.
In contrast, the hourly charts for Bitcoin and Ethereum showed a persistent downtrend. Meanwhile, Solana and Ripple bucked this trend and moved higher during the same time period.
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2024-07-04 08:02