Altcoin
Bitcoin Recovered, 8 Altcoins Dropped! Here’s What Happened
The cryptocurrency market today paints a complex picture. Bitcoin (BTC) has rallied after the stagnation seen in recent days and has approached the $62,000 limit. The leading altcoin Ethereum (ETH) and the leading altcoin Solana (SOL), Dogemoneta (DOGE) and Shiba Inu (SHIB) gained between 0.3% and 3%. However, XRP fell, contrary to the general market trend. Here are the details…
Bitcoin and altcoin prices are rising
Total cryptocurrency the market value increased by 2.18% compared to yesterday, reaching $2.29 trillion. Despite this, the trading volume in the last 24 hours showed a significant decline of 29.28%. Here is a quick summary of some of the major cryptocurrencies and their price movements as of June 26:
- Bitcoin (BTC): Its price has increased by 1.01% in the last 24 hours and is trading at $61,953.38 at the time of writing. The daily low and high levels were recorded at $60,626.97 and $62,466.32, respectively. Interestingly, after a period of sluggishness in recent days due to macroeconomic factors and ETF outflows, Bitcoin gained momentum after $31 million inflows into Bitcoin ETFs on June 25, according to Farside data. Meanwhile, Bitcoin dominance increased 0.10% from yesterday to 53.42%.
- Ethereum (ETH): At the time of writing, its price increased by 0.42% to $3,391.97. The token’s 24-hour low and high were recorded at $3,346.79 and $3,424.58, respectively. The market value of Ethereum is today equal to $406.86 billion.
- Solana (SOL): The SOL cryptocurrency chart reached $138.35, showing a 1.42% increase in its value today. Solana’s 24-hour low and high were recorded at $133.57 and $140.21, respectively.
- XRP: XRP price is trading at $0.4753, down 0.71% from the previous day. The daily lows and highs were $0.4735 and $0.4795, respectively. Against the backdrop of this stagnant movement in XRP, the on-chain tracker called Whale Alert revealed that whales were selling significant amounts of assets to cryptocurrency exchanges (CEX).
- DOGE and SHIB: DOGE price today increased by 2.79% to $0.1273. Additionally, Shiba Inu (SHIB) rose 1.83% to $0.00001787. Pepe coin (PEPE) and dogwifhat (WIF) were among the biggest gainers of the day.
Solana and Cardano attracted attention in the top 10
AS Cryptokoin.com reported, while the hourly charts of Bitcoin and Ethereum follow a very volatile course, they indicate potential price fluctuations in the coming period. Altcoin charts over the same period show a weakening movement, leading to speculation in the market. They were the ones leading this recovery Solana (SOL) and Cardano (ADA), with a total market value rising to $2.28 trillion.
Solana stands out with an increase of more than 5% in the last 24 hours. This is a sign of investor interest and its role in the DeFi (decentralized finance) space, despite the overall market decline. Cardan also growing, up by over 4%. Behind this increase lie network upgrades and possible interest rate cuts. Other major cryptocurrencies like Bitcoin and Ethereum are also making gains. Overall, however, the market is still quite volatile.
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