Altcoins

BTC Approaches 57,000, Altcoins Show Mixed Signals

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Cryptocurrency prices experienced some slight turbulence today, as also illustrated by the overall market trend. The global cryptocurrency market capitalization saw a decline of 0.49% over the past day, reaching $2.12 trillion. Simultaneously, Bitcoin (BTC) showed price fluctuations close to the $57,000 level.

However, Ethereum (ETH) managed to trade in the green despite a volatile move. Similarly, XRP held firmly above its $0.45 resistance. Conversely, Solana (SOL) traded dominantly in the red territory.

In addition, the global cryptocurrency The market volume saw a 9.62% increase to $68.66 billion. Here is a brief report on some of the major coins and their price movements today, July 12.

Best Cryptocurrency Prices Today

Bitcoin Price

THE BTC Price The token fell 0.58% at press time to trade at $57,069.93. The token’s 24-hour low and high were $56,561.06 and $59,387.38, respectively.

Bitcoin dominance has seen a 0.17% decline over the past day, to 53.27%. This turbulent trajectory comes despite continued inflows into the US spot market Bitcoin ETF

Soso Value data shows inflows of $78.93 million as of July 11.

However, the German government continued to practice dumping, with its Bitcoin Holdings Bitcoin price is now valued at just over 9,000 BTC. It is worth mentioning that further cuts from the government could push the price of the flagship cryptocurrency down.

Ethereum Price

In the meantime, ETH Price Ethereum registered a 0.57% gain as it settled at $3,085.66. Ethereum’s 24-hour lows and highs were recorded at $3,058.66 and $3,208.94, respectively.

Despite the imminent launch of an ETH ETF, the token appears to be facing crucial resistance at the $3.2k price level.

Solana Price

SOL price fell 2.16% to $137.10 today. Solana’s 24-hour low and high were $134.20 and $145.33, respectively.

XRP Price

The Ripple-backed digital asset saw a massive 3% surge at press time to $0.452. XRP’s 24-hour lows and highs were $0.4396 and $0.4528, respectively.

Meme Coin Prices Drop

Dogecoin (DOGE) price slipped 0.21% to trade at $0.1061 today, while Shiba Inu (SHIB) price fell 1.18% to $0.00001613.

Additionally, the Pepe (PEPE) cryptocurrency also saw a 2.91% drop, reaching $0.000008813. Bonk emerged among the biggest losers of the day.

Top Cryptocurrency Gainers Today

MANTRA (OM) The price rose 9.25% to $1.07.
NEAR Protocol (NEAR) The price jumped 8.66% to $5.02.
Ar Weaving (AR) The price rose 7.30% to $24.39.
Creator (MKR) The price increased by 5.20% to $2,398.01.

Read also : Justin Sun’s Suspicious Bitcoin (BTC) Bet Reported by CryptoQuant Founder

The Biggest Cryptocurrency Losers Today

Bonk (BONK) price corrected by 9.13% to $0.00002334.
Celestia Price (TIA) The price fell 7.62% to $6.33.
Rendering (RNDR) The price rose 6.69% to $5.96.
Brett (BRETT) The price fell 5.95% to $0.1113.

Notably, the hourly charts showed that BTC and ETH continued to struggle with market turbulence, sliding by around 0.50% together. The altcoin market continued to show mixed price actions during the same period. This suggests that cryptocurrency prices today could continue to illustrate a volatile move ahead.

Read also : Spot Bitcoin ETF Exempted as Options Trading Opens for Inverse Funds

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