Altcoins
Bitcoin regains momentum at $56,000, altcoins mirror uptrend
Cryptocurrency prices have sparked significant optimism among investors across the market today. Bitcoin (BTC) Bitcoin price has resumed its momentum towards the $56,000 mark after falling as low as $53,000. Ethereum (ETH) and major cryptos Solana (SOL), XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) have followed an upward move.
The global cryptocurrency market capitalization increased by 2.79% over the past day to $2.06 trillion. Additionally, the total cryptocurrency market volume jumped by 4.83% to $109.33 billion.
Here’s a look at some of the major cryptocurrencies and their price movements today, July 6.
Best Cryptocurrency Prices Today
Bitcoin Price
BTC price has seen a 1.90% increase in the last 24 hours and is currently trading at $56,369.52. Its 24-hour low and high are $53,717.38 and $56,979.02 respectively.
BTC price surge comes amid $143.1 million inflows into US spot market Bitcoin ETFaccording to data from SoSo Value. This suggests a potential buy-the-dip strategy by institutions in a context Bitcoin recent price drop.
However, the altcoin market dominated BTC, with its dominance falling by 0.62% to 53.87% today.
Ethereum Price
ETH price gained 2.12% from yesterday to reach $2,973. Its 24-hour low and high were $2,957.40 and $3,023.58, respectively.
Ethereum’s market cap stood at $357.61 billion today. Despite an impending ETF, the cryptocurrency has shown immense volatility, with massive outflows recorded as institutions favor BTC and SOL over ETH.
Solana Price
Meanwhile, crypto SOL Price
Solana stock is up 9.14% to $134.77 today. Solana’s 24-hour low and high were recorded at $122.42 and $137.53, respectively.
XRP Price
Similarly, aligning with the broader cryptocurrency market trend, the Ripple-backed asset XRP XRP registered gains of 8.15% to trade at $0.428. XRP’s 24-hour lows and highs were $0.3948 and $0.4314, respectively.
DOGE & SHIB Prices
Dogecoin price saw a significant rebound, rising 11.81% to $0.1067 today. Shiba Inu followed, gaining 14.69% to $0.00001508.
At the same time, PEPE, FLOKI and BONK jumped between 9 and 16%, while WIF was among the top gainers of the day.
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Top Cryptocurrency Gainers Today
Akash Network (AKT) The price saw a phenomenal increase of 26.92% to reach $3.35.
dogwifhat (WIF) followed by a 26.17% increase to $1.93.
MANTRA (OM) The price increased by 22.87% to $0.8321.
MultiversX (EGLD) The price was up 18.29% at $33.33
The Biggest Cryptocurrency Losers Today
UNUS SED LEO (LEO) The price fell 1% to $5.69.
Core (CORE) The price saw a slight decrease of 0.23% to $0.8873.
However, the hourly charts for BTC and ETH showed slight declines, highlighting the presence of some volatility. Nevertheless, altcoins continued to climb for the same duration, rationalizing BTC’s decreasing dominance.
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