Bitcoin
Bitcoin hits $55K, Altcoins under bearish control
Cryptocurrency prices today regained bearish momentum after substantial gains witnessed over the past few days. Bitcoin (BTC) fell to rest at the $55K price mark, while Ethereum (ETH), Solana (SOL), XRP, and the broader market reflected decreasing price action.
The global cryptocurrency market cap saw a 5.19% drop to $2.01 trillion today. However, the total cryptocurrency market volume increased by 17.71% from yesterday to $64.19 billion, stirring up a whirlwind of speculation.
Here is a brief report on some of the top cryptocurrencies and their price movements today, July 8th.
Best Cryptocurrency Prices Today
Bitcoin Price
BTC Price has fallen 4.99% in the last 24 hours to settle at $55,122.17. The token’s 24-hour lows and highs were $54,321.02 and $57,971.83, respectively.
Bitcoin dominance jumped 0.07% to 53.85% today, underscoring the sluggish performance of the altcoin sector. The market cap of the leading cryptocurrency stood at $1.09 trillion at the time of writing.
Notably, amid this decline, Japan’s Metaplanet raised additional amounts of BTC
a bright hope for future price movements
Ethereum Price
Meanwhile, the ETH Price The chart showed signs of a pullback, falling 5.62% to $2,880.37 today. Its 24-hour lows and highs were $2,826.48 and $3,051.20, respectively.
It is worth noting that the anticipation of reinforced price movements increases as ETH ETFs in Spot remain ready to be released soon. In addition, Ethereum scarcity has also increased, with on-chain data illustrating ETH accumulations undermining BTC ones.
Solana Price
The encryption SUN saw a considerable 7.97% drop in value to $130.79. Solana’s 24-hour lows and highs were $128.56 and $142.12, respectively, highlighting a highly volatile movement.
Crypto XRP Price
At the same time, the XRP Price fell 6.50% to $0.415 in the last day. Its 24-hour lows and highs were $0.4047 and $0.4448, respectively.
DOGE and SHIB Prices
Dogecoin price saw a 8.75% drop to trade at $0.1021 today. Shiba Inu price fell 8.70% to $0.00001547, aligning with the broader market trend.
Even the prices of cryptocurrencies PEPE, FLOKI, and BONK have dropped by 9% to 14% at the time of writing.
Interestingly, this bearish market trend ensured that there were no winners on the day. Meanwhile, the biggest losers are as follows.
Read too: Peter Schiff Says Bitcoin Whales Set Up ETF Investors as “Bag Holders”
Biggest Crypto Losers Today
Brett Price (BRETT) fell 15.36% to $0.1073.
Pepe Coin (PEPE) the price fell 14% to $0.000008213.
dog hat (WIF) the price fell 13.48% to $1.60.
Jupiter (JUP) the price dropped 12.03% to $0.6793.
Furthermore, hourly timeframe charts indicated that BTC and ETH saw slight gains, with most tokens following suit. Crypto market enthusiasts continue to closely monitor the tokens for further price action changes.
Read too: 98% of Altcoins Have Outperformed the Market Cycle, Bitcoin in Transition: Andrew Kang