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The crypto prices today ignited bearish market sentiments as Bitcoin bled to reach the $55K price level, whereas ETH and top altcoins prices tanked 5%-8%. By Coingape Staff 21 hours ago Updated 20 hours ago
Highlights
- Bitcoin backtracks recent gains to rest at $55K.
- Altcoin market mimics the broader downtrend.
- Even the meme coins sector noted considerable dips.
The crypto prices today have regained a bearish market momentum after substantial gains witnessed in recent days. Bitcoin (BTC) cracked to rest at the $55K price mark, whereas Ethereum (ETH), Solana (SOL), XRP, and the broader market mirrored a waning price action.
The global crypto market cap saw a 5.19% plunge to $2.01 trillion today. However, the total crypto market volume increased 17.71% from yesterday to $64.19 billion, stirring a whirlpool of speculations.
Here’s a brief report on some of the top cryptocurrencies and their price movements today, July 8.
Top Crypto Prices Today
Bitcoin Price
BTC price tanked 4.99% in the past 24 hours to rest at $55,122.17. The token’s 24-hour bottoms and highs were $54,321.02 and $57,971.83, respectively.
Bitcoin’s dominance saw a 0.07% jump to 53.85% today, underscoring the altcoin sector’s sluggish performance. The flagship crypto’s market cap rested at $1.09 trillion while writing.
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Notably, amid this dip, Japan’s Metaplanet has bagged additional amounts of BTC, glimmering hope for future price movements
Ethereum Price
Meanwhile, the ETH price chart showed signs of a pullback, falling 5.62% to $2,880.37 today. Its 24-hour lows and tops were $2,826.48 and $3,051.20, respectively.
It’s worth noting that the anticipation of bolstered price movements builds up as spot ETH ETFs remain poised to launch shortly. Moreover, Ethereum scarcity has also increased, with on-chain data illustrating ETH accumulations undermining that of BTC.
Solana Price
The crypto SOL saw a considerable 7.97% dip in value to $130.79. Solana’s 24-hour lows and highs were $128.56 and $142.12, respectively, underscoring a highly volatile movement.
Crypto XRP Price
Simultaneously, the XRP price plunged 6.50% to $0.415 over the past day. Its 24-hour slumps and peaks were $0.4047 and $0.4448, respectively.
DOGE & SHIB Prices
Dogecoin’s price saw an 8.75% fall to trade at $0.1021 today. Shiba Inu’s price dropped 8.70% to $0.00001547, aligning with the broader market trend.
Even the crypto PEPE, FLOKI, and BONK prices dipped 9%-14% at press time.
Intriguingly, this bearish market trend has made sure that there are no top gainers for the day. Meanwhile, the top losers are as follows.
Top Crypto Losers Today
Brett (BRETT) price slumped 15.36% to $0.1073.
Pepe coin (PEPE) price dipped 14% to $0.000008213.
dogwifhat (WIF) price fell 13.48% to $1.60.
Jupiter’s (JUP) price saw a 12.03% decline to $0.6793.
Further, hourly time frame charts indicated that BTC and ETH noted slight gains, with a majority of the tokens following this movement. Crypto market enthusiasts continue extensively eyeing the tokens for further price action shifts.