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Crypto Market Insights: June 26, 2022

Global Crypto Market Overview

Today’s crypto prices have traded dominantly in the positive territory. Bitcoin (BTC) regained an upward movement, briefly topping the $62K mark. Ethereum (ETH) and top altcoins Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB) gained 0.3%-3%, simultaneously. However, XRP witnessed a tumbled movement, defying the broader market trend.

The global crypto market from yesterday saw a 2.18% spike, reaching $2.29 trillion. Nonetheless, the total crypto market volume in the last 24 hours experienced a considerable 29.28% decline.

Top Crypto Prices Today

Bitcoin Price

• BTC price trajectory illustrated a notable uptick of 1.01% over the past day, with the token trading at $61,953.38 at press time.
• Its 24-hour lows and highs were $60,626.97 and $62,466.32, respectively.
• Intriguingly, after a sluggish period of trading in recent days, primarily attributable to macroeconomic factors and ETF outflows, Bitcoin gains momentum on the backdrop of $31 million inflows in BTC ETFs on June 25, per data by Farside. Meanwhile, Bitcoin’s dominance rested at 53.42%, up 0.10% from yesterday.

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Ethereum Price

• ETH price jumped 0.42% while writing to trade at $3,391.97.
• The token’s 24-hour bottoms and peaks were recorded as $3,346.79 and $3,424.58, respectively.
• Ethereum’s market cap rested at $406.86 billion today.

Solana Price

• The crypto SOL’s chart illustrated a 1.42% increase in value to reach $138.35 today.
• Solana’s 24-hour lows and peaks were recorded to be $133.57 and $140.21, respectively.

XRP Price

• XRP’s price dipped 0.71% over the past day to trade at $0.4753.
• Its 24-hour lows and highs are $0.4735 and $0.4795, respectively.
• In the background of XRP’s turbulent movement, the on-chain tracker Whale Alert revealed substantial whale dumps to CEXs.

DOGE & SHIB Prices

• DOGE’s price showcased a 2.79% upswing, reaching $0.1273 today.
• Shiba Inu (SHIB) rose 1.83% to rest at $0.00001787.

Top Crypto Gainers Today

• Brett (BRETT) price upsurged 18.03% to $0.1699.
• Pepe coin (PEPE) price surged 12.59% to $0.00001312.
• Notcoin (NOT) price rallied 11.78% to reach $0.01613.
• dogwifhat (WIF) price soared 9.67% to $2.08.

Top Crypto Losers Today

• Pendle (PENDLE) price saw a 5.65% pullback to trade at $5.70.
• LayerZero (ZRO) price followed, dipping 5.14% to $2.73.
• Fantom (FTM) price slipped 4.47% to reach $0.5893.
• Worldcoin (WLD) price fell 3.14% to $2.87.

Conclusion

The crypto market remains highly volatile, with Bitcoin regaining upward momentum and Ethereum following suit. However, XRP continues to struggle, and some altcoins experience significant price fluctuations. AI legalese decoder can help navigate this complex landscape, providing real-time insights and data-driven analysis to inform investment decisions and regulatory compliance.

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