Crypto Prices Today July 25: BTC Backtracks To $64K, Ethereum To $3,100

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As a seasoned analyst with years of experience observing and analyzing the cryptocurrency market, I can’t help but feel a sense of unease as I witness today’s crypto prices. The significant drops in Bitcoin (BTC) and Ethereum (ETH), along with the broader bearish momentum for altcoins, have raised concerns among investors worldwide.

Today’s crypto prices have sparked significant worry among investors in the larger market. Bitcoin (BTC) dropped to $64K, while altcoins have shown a noticeable downward trend. It’s worth mentioning that Ethereum (ETH) declined to $3,100 today, despite the recent launch of an ETH Exchange-Traded Fund (ETF).

At the same time, the total value of the global cryptocurrency market dropped by 0.98%, amounting to $2.37 trillion. Additionally, the crypto trading volume experienced a significant decrease of 23.24%, reaching a total of $67.38 billion over the previous day.

On this day, July 25, let me share with you the current market capitalizations and price trends of some prominent cryptocurrencies boasting large market values.

Crypto Prices Today

Bitcoin Price

In the last 24 hours, the BTC price dropped by 2.8 percent, landing at a new price point of $64,070.65. The day’s lowest and highest prices were registered as $63,985.91 and $67,113.98 respectively.

The decreasing market trends align with Mt Gox’s process of reimbursing its creditors. So far, over 17,000 creditors have received Bitcoin transfers from Mt Gox.

Additionally, data from Soso Value showed that Bitcoin ETFs experienced approximately $44.51 million in inflows as of July 24th.

Additionally, Bitcoin’s influence grew by 0.28 percentage points, reaching a level of 54.54%. This expansion suggests a downturn in the altcoin market.

Crypto Prices Today July 25: BTC Backtracks To $64K, Ethereum To $3,100

Ethereum Price

As a crypto investor, I’ve noticed that the Ethereum price took a step back today, decreasing by 7.88% to reach $3,175.44. The lowest and highest points of Ethereum’s 24-hour range were at $3,160.37 and $3,473.00 respectively.

Notable is the recent filing by Hashdex for an exchange-traded fund (ETF) encompassing both Bitcoin and Ethereum.

Crypto Prices Today July 25: BTC Backtracks To $64K, Ethereum To $3,100

Solana price (SOL)

The graph representing Solana’s SOL price indicated a decrease of 2%, resulting in a value of $170.48. This downward trend mirrored the broader market movement. Over the past 24 hours, Solana reached its lowest point at $169.14 and its highest point at $182.36.

As a financial analyst, I’ve observed that over the past two days, Solana whales have staked approximately $41 million worth of SOL tokens. With Solana edging closer to a potential 50% breakout rally, this development was initially met with optimism. However, today’s market downturn has fueled concerns among investors.

Crypto Prices Today July 25: BTC Backtracks To $64K, Ethereum To $3,100

XRP price

As a crypto investor, I’ve noticed that XRP‘s price action took a turn for the worse following a strong green session in the market. Currently, XRP is priced at $0.6012, representing a minor 0.13% decrease from the previous day’s value. The lowest and highest points of XRP’s 24-hour price range were marked at $0.5975 and $0.6322, respectively.

Crypto Prices Today July 25: BTC Backtracks To $64K, Ethereum To $3,100

DOGE & SHIB Prices

In a parallel development, the meme coin market witnessed a significant downturn. The value of Dogecoin (DOGE) decreased by 4.93%, now priced at $0.1231. At the same time, Shiba Inu (SHIB) saw a decline of 4.18% and is presently trading at 0.00001611.

Even Pepe coin fell 4.43% to trade at $0.00001168 today.

Crypto Gainers Today

The price of Flow (FLOW) rose by 3.84%, reaching $0.6257.

Crypto Losers Today

The price of Mog Coin (MOG) dropped 12.62%, landing at $0.000001715.

In addition, the charts showing an hourly timeframe displayed significant volatility for many cryptocurrencies, fueling discussions about today’s crypto price fluctuations.

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2024-07-25 07:35