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Crypto Market Update: A Potential Pullback Looms

The Current State of the Market

The crypto prices today have caused traders and investors to sweat, as the Bitcoin (BTC) price chart illustrates signs of a potential pullback to the $55K price level. Top altcoins Ethereum (ETH), Solana (SOL), and XRP have mimicked this slumping price movement, showing signs of a potential correction over the past day.

Global Crypto Market Cap

The global crypto market cap saw a 4.58% dip to rest at $2.07 trillion today. However, the total crypto market volume over the past day saw an 8.14% upswing to $92.26 billion.

Top Crypto Prices Today

Bitcoin Price

The BTC price trajectory illustrated a 6.07% dip at press time to trade at $55,429.99. Its 24-hour lows and highs were recorded as $53,680.23 and $59,006, respectively.

It’s worth noting that this price-slumping action comes against the backdrop of Mt. Gox’s massive Bitcoin transfer to an unknown wallet, worth a whopping $2.7 billion. Also, the US spot Bitcoin ETFs recorded $20.45 million in outflows, raising investor concerns.

Bitcoin’s dominance was up 0.80% from yesterday, indicating a significant waning price action in the altcoin market.

Ethereum Price

ETH price showed signs of a correction today, slipping 10.01% to $2,910.31. Its 24-hour lows and highs are $2,892.27 and $3,243.70, respectively.

Ethereum’s market cap plunged considerably, resting at $349.3 billion.

Solana Price

Meanwhile, the SOL price chart followed, correcting 9.47% to $123.77. Solana’s 24-hour lows and tops were recorded as $122.45 and $137.14, respectively.

XRP Price

The Ripple-backed crypto XRP price rested at $0.401, a significant 12.73% fall over the past day. The token’s 24-hour bottoms and peaks were $0.3908 and $0.4599, respectively.

DOGE & SHIB Prices

Dogecoin’s price crashed 18.08% over the past day and traded at $0.09468. Similarly, Shiba Inu’s price plummeted 17.73% to $0.0000131. Pepe coin (PEPE) price crashed 19.23% to $0.000007899.

Top Crypto Gainer Today

The only token that traded in the green territory, per CoinMarketCap’s data, was UNUS SED LEO (LEO), rising 1.30% to $5.82.

Top Crypto Losers Today

The top losers for the day included:

• Brett (BRETT), down 24.30% to $0.1703.
• Notcoin (NOT), trading at $0.009445 with a 23.70% fall.
• Starknet (STRK) price plunged 22.72% to $0.4702.
• Core (CORE) price cracked 22.67$ to $0.8889.

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