As a seasoned cryptocurrency analyst with several years of experience in the industry, I have witnessed numerous market fluctuations and price movements. Today’s crypto market trends reflect a common occurrence in the volatile world of digital assets. Bitcoin, Ethereum, and other major cryptos experienced a bearish trend, with Bitcoin dipping below the $65,000 mark to trade at $64,813.21. This decline was accompanied by a 1% decrease in the global crypto market cap and a 21.17% decrease in total crypto volume over the past day.
In more natural language:
Today, the total value of all cryptocurrencies in circulation dropped by 1% to reach approximately $2.37 trillion. Additionally, the amount of cryptocurrencies traded over the past day experienced a significant decrease of around 21.2%, amounting to roughly $77.19 billion.
Here’s a brief report on the top cryptocurrencies and their price movements today, July 18.
Top Crypto Prices Today
Bitcoin Price
The price of Bitcoin has experienced fluctuations in value, likely due to smaller-than-usual investments in Bitcoin spot ETFs as indicated by Soso Value’s data showing only $53.35 million in inflows up to July 17th. This trend correlates with the declining path of the Bitcoin token’s price.
I observed the Bitcoin price taking a pause at the level of $64,813.21, representing a 1.33% decrease over the past 24 hours. The price range for this timeframe saw a low of $63,896.09 and a high of $65,994.60.
Bitcoin’s dominance saw a 0.13% decline and stood at 53.89% today.
Ethereum Price
The cost of Ethereum decreased by 1.62%, landing at $3,428.72, following the downward trend in the cryptocurrency market. The day’s lowest and highest values for Ethereum were $3,379.10 and $3,515.54, respectively.
Noted is the filing of revised S-1 forms for the Ethereum ETF. Meanwhile, Grayscale is reportedly charging a substantial management fee of 2.5% for their Ethereum ETF, igniting debates amongst market players.
Solana Price
The chart representing the current market price of Solana (SOL) indicated a decline of 1.14%, resulting in a new daily price of $159.11. During the previous 24 hours, the lowest Solana price was recorded at $155.07, while the highest was at $163.58.
XRP Price
The price of XRP exhibits notable strength today, defying its previous resistance at $0.6 and climbing higher despite intensifying Ripple SEC settlement rumors. XRP was priced at $0.6085, representing a 2.64% increase over the past 24 hours. The token’s price fluctuations during the day ranged from a low of $0.5859 to a high of $0.6366.
DOGE & SHIB Prices
The meme coin market experienced a downturn in trading today. Dogecoin (DOGE) dropped by 1.82%, ending up at $0.1233. Shiba Inu (SHIB) saw a more significant decline of 3.48% and closed at $0.00001887. Pepe coin also took a hit, losing 4.82% to settle at $0.00001187.
Top Crypto Gainers Today
The price of Internet Computer Protocol (ICP) rose by 6.08%, reaching $10.15.
Top Crypto Losers Today
As a researcher, I’d express it this way:
The hourly charts showed that Bitcoin and Ethereum were both inching upwards by 0.22% and 0.16%, respectively. This trend was echoed by altcoins, leading to increased enthusiasm among investors regarding the potential price growth of cryptocurrencies.
Read More
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2024-07-18 07:48