As a seasoned crypto analyst with extensive experience in the digital asset market, I’ve seen my fair share of price volatility. Today’s crypto market has brought uneasiness among traders and investors as Bitcoin (BTC) and Ethereum (ETH) dipped below key support levels. The broader market followed suit, causing altcoins, Solana (SOL), XRP, and meme coins to tumble. However, there is a silver lining with Filecoin (FIL) and Injective (INJ) emerging as top gainers.
Trading and investing in cryptocurrencies have become a source of concern recently, with significant drops in prices causing unease. Bitcoin (BTC) dipped to $69,000, while Ethereum (ETH) reached $3,600 within the last 24 hours. The downturn affected not only major players like Solana (SOL), XRP, but also meme coins. However, there is a glimmer of hope as Filecoin (FIL) and Injective (INJ) experienced impressive gains, offering profitable opportunities. Conversely, “dogwifhat” (WIF) and Core were the hardest hit among the top losers of the day.
The value of all cryptocurrencies in the world dropped by 2.60%, landing at approximately $2.55 trillion. In contrast, the total amount of crypto being traded daily jumped by 42.17% to hit around $106.43 billion.
Here’s a collective briefing on some of the top cryptos and their prices today, June 8.
Top Crypto Prices Today
Bitcoin Price
When composing text, the price of Bitcoin dipped by 2% over the last 24 hours, hitting a mark of $69,487.09. Following a significant surge above $71,000, Bitcoin experienced a downturn in value within the market. The crypto’s lowest and highest points within this timeframe were $68,507.26 and $71,918.97 respectively.
Over the last 24 hours, Bitcoin’s authority in the crypto market grew by 0.38%, reaching a figure of 53.62%. The digital currency’s market capitalization amounted to an impressive $1.37 trillion.
Ethereum Price
The price of Ethereum mirrored the declining trend of the market, with the token settling at a value of $3,688.51, marking a 3.09% decrease over the previous 24 hours. Its lowest and highest points during this period were $3,604.78 and $3,838.45 respectively.
Solana Price
At the same time, the SOL price experienced a decline, dropping by 4.49% in the last 24 hours to reach $162.72. The price range during this period was between $154.88 (lowest point) and $172.44 (highest point).
XRP Price
As a researcher studying the cryptocurrency market, I’ve observed that XRP, which is supported by Ripple Labs, experienced a decline of 4.33%, bringing its price down to $0.5002. This dip pushed XRP below the significant support level of $0.52. The lowest and highest prices in the past 24 hours were recorded at $0.4631 and $0.5275, respectively.
As a researcher studying the potential adoption of XRP as a currency within the BRICS payment system, I’ve observed that the token’s price movements have aligned with the broader trends in the cryptocurrency market rather than exhibiting unique behavior distinct to the BRICS initiative.
DOGE & SHIB Prices
Just like the broader meme coin market, DOGE and SHIB experienced price drops today. DOGE fell by 7.88%, reaching a value of $0.1483, while SHIB decreased by 4.39% to $0.00002388.
Top Crypto Gainers Today
As a researcher studying the cryptocurrency market, I observed that Injective (INJ) experienced a notable rise of 7.98%, reaching a price point of $30.24.
Top Crypto Losers Today
As a crypto investor, I observed that my Dogecoin (WIF) investment declined by 12.48%, resulting in a new price of $2.83.
As a researcher studying cryptocurrency price trends, I’ve observed that within the hourly timeframe, Bitcoin (BTC) and Ripple (XRP) experienced a decline in price. On the other hand, Ethereum (ETH) and Solana (SOL) have been battling to build momentum and push upwards.
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2024-06-08 07:52