As an experienced analyst, I’ve closely monitored the crypto market trends today, and based on the data available, it seems we’re witnessing some turbulence in the market. The global crypto market cap experienced a decline of 0.49%, with Bitcoin (BTC) showing fluctuations near the $57K level.
The cryptocurrency markets experienced some volatility today, as indicated by the general market downturn. The total value of all cryptocurrencies dropped by 0.49% over the past day to reach a market capitalization of approximately $2.12 trillion. At the same time, Bitcoin‘s price oscillated around $57,000.
Despite volatility in the market, Ethereum (ETH) still saw gains and traded in a positive green zone. Meanwhile, XRP stayed strong, managing to stay above its resistance level of $0.45. On the other hand, Solana (SOL) experienced significant losses and predominantly traded in red territory.
Additionally, the worldwide cryptocurrency market value grew by 9.62%, reaching a total of $68.66 billion as of July 12. Let me share with you some updates on the leading cryptocurrencies and their price fluctuations for today.
Top Crypto Prices Today
Bitcoin Price
At the moment of checking, the cost of Bitcoin (BTC) dropped by 0.58%, trading at $57,069.93. During the last 24 hours, its minimum price was $56,561.06, while its maximum was $59,387.38.
As an analyst, I’ve observed a 0.17% decrease in Bitcoin’s dominance over the past day, reaching 53.27%. Surprisingly, this downward trend persists despite notable inflows into U.S. Spot Bitcoin ETFs. According to Soso Value, a total of $78.93 million flowed in as of July 11th.
Ethereum Price
During this period, the cost of Ethereum climbed by 0.57%, reaching a figure of $3,085.66. The lowest Ethereum price within the last 24 hours was at $3,058.66, while the highest was recorded at $3,208.94.
The Ethereum token is encountering significant resistance despite the upcoming ETF launch, with the price currently holding around $3.2K.
Solana Price
As a researcher studying the cryptocurrency market, I observed that the price of Solana (SOL) decreased by 2.16% to settle at $137.10 today. The day’s lowest and highest points for SOL were recorded as $134.20 and $145.33, respectively.
XRP Price
At the present moment, the value of XRP, which is backed by Ripple, experienced a notable increase of approximately 3%, bringing its price to $0.452. The lowest and highest points in the previous 24 hours for XRP were $0.4396 and $0.4528 respectively.
Meme Coins’ Prices Tank
The price of Dogecoin (DOGE) decreased by 0.21% and was last traded at $0.1061, contrastingly, Shiba Inu (SHIB) experienced a larger decline of 1.18%, now priced at $0.00001613.
As a researcher studying the cryptocurrency market, I observed that Pepe coin (PEPE) experienced a decrease of 2.91%, resulting in a price point of $0.000008813. Bonk was amongst the top coins that suffered losses during this period.
Top Crypto Gainers Today
As a researcher studying the cryptocurrency market, I observed that MANTRA (OM) experienced a notable increase of 9.25%, reaching a price of $1.07.
Top Crypto Losers Today
The price of Bonk decreased by 9.13%, now at $0.00002334.
As a researcher studying the cryptocurrency market, I’ve observed some notable trends in the hourly charts. Both Bitcoin (BTC) and Ethereum (ETH) have been grappling with market instability, experiencing a rough 0.50% decline collectively. The altcoin sector has also shown mixed price movements during this time frame. These observations suggest that we may continue to witness volatile pricing in the crypto market today.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- AVAX PREDICTION. AVAX cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- EUR KRW PREDICTION
- USD PHP PREDICTION
- RARE PREDICTION. RARE cryptocurrency
- NLS PREDICTION. NLS cryptocurrency
- Call of Duty: MW3 and Warzone Season 5 Reloaded Update Patch Notes Revealed
- BCH PREDICTION. BCH cryptocurrency
2024-07-12 07:36