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The crypto prices today have taken a bearish turn. Bitcoin price slipped to the $64K level despite ETF inflows. Ethereum dropped to the $3,100 price level amid massive ETF outflows. By Coingape Staff 9 hours ago Updated 6 hours ago
Highlights
- Bitcoin sparks investor concerns with its fall to $64K.
- Ethereum mimics a downtrend despite the recent launch of ETH ETFs.
- The broader crypto market saw a waning price action today.
The crypto prices today have ignited severe investor concerns across the broader market. While Bitcoin (BTC) price tumbled to the $64K level today, altcoins have embarked upon a considerable bearish momentum. Notably, Ethereum (ETH) slipped to the $3,100 price level today despite the recent ETH ETF launch.
Simultaneously, the global crypto market cap saw a 0.98% decrease in value to $2.37 trillion. Further, the total crypto volume over the past day witnessed a 23.24% decline in value to $67.38 billion.
Here’s a collection of some of the largest cryptocurrencies by market cap and their price action today, July 25.
Crypto Prices Today
Bitcoin Price
The BTC price fell 2.80% in the past 24 hours to reach $64,070.65. Its 24-hour bottoms and tops were recorded as $63,985.91 and $67,113.98, respectively.
This waning price action comes in tandem with Mt Gox’s repayment to creditors. Notably, Mt Gox has compensated nearly 17000 creditors with BTC transfers to date.
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Besides, data by Soso Value contrastingly indicated $44.51 million inflows in Bitcoin ETFs as of July 24.
Also, Bitcoin’s dominance increased by 0.28% and rested at 54.54%, hinting at the altcoin market’s bearish movement.
Source: CoinMarketCap
Ethereum Price
Meanwhile, the ETH price showed signs of a pullback, slipping 7.88% to $3,175.44 today. Ethereum’s 24-hour bottoms and tops were recorded as $3,160.37 and $3,473.00, respectively.
It’s worth mentioning that Hashdex filed S-1 for a combined BTC & ETH exchange-traded fund recently. Also, ETH’s waning price action today comes in alignment with $133 million outflows in Ether ETFs.
The BlackRock Ethereum ETF wallet received 76,669 ETH from Coinbase, adding a layer of intrigue among market participants.
Solana price (SOL)
The SOL price chart showed a 2% dip in value to reach $170.48, aligning with the broader market trend. Solana’s 24-hour lows and highs were $169.14 and $182.36, respectively.
Solana whales staked nearly $41 million worth of SOL in the past two days as the coin inched closer to a 50% breakout rally. However, today’s drop has ignited serious market concerns.
XRP price
The XRP price mimicked a waning price movement after a dominant trading session in the green territory. The crypto traded at $0.6012, down slightly by 0.13% over the past day. Its 24-hour lows and highs were recorded as $0.5975 and $0.6322, respectively.
DOGE & SHIB Prices
Similarly, the meme coin sector also experienced a considerable bearish movement. Dogecoin (DOGE) price fell 4.93% over the past day and is currently trading at $0.1231. Simultaneously, Shiba Inu (SHIB) plunged 4.18% to reach 0.00001611.
Even Pepe coin fell 4.43% to trade at $0.00001168 today.
Crypto Gainers Today
Flow (FLOW) price soared 3.84% to $0.6257.
UNUS SED LEO (LEO) price witnessed a 1.73% increase to $5.90.
Crypto Losers Today
Mog Coin (MOG) price dipped 12.62% to $0.000001715.
Lido DAO (LDO) price fell 11.66% to $1.54.
Brett (BRETT) price slipped 11% to $0.1177 today.
Celestia (TIA) price decreased by 10.42% to reach $5.75.
Besides, the hourly time frame charts illustrated highly turbulent movement for a majority of the coins, stirring speculations on the crypto prices today.