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Crypto Market Update: Bearish Movement Continues

Market Overview

The crypto market has experienced a bearish movement, with Bitcoin’s (BTC) price briefly slipping below the $60K mark despite inflows in BTC ETFs. Ethereum (ETH), Solana (SOL), and XRP followed this bearish movement, trading in the red territory. Meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) also mimicked a waning price action today.

Global Crypto Market Cap and Volume

The global crypto market cap has decreased by 1.81% to $2.25 trillion, and the total crypto market volume in the last 24 hours has also slipped by 0.65% to $60.95 billion.

Top Crypto Prices Today

Bitcoin Price

BTC price traded at $60,644.16 today, down 1.82% in the past 24 hours. This price drop comes despite $72 million inflows in BTC ETFs on June 28, marking 4 straight days of inflows. Bitcoin’s 24-hour lows and highs are $59,985.40 and $61,768.43, respectively, underlining its slip below the $60K mark. The flagship crypto’s market dominance was 53.12%, up 0.01% today.

Ethereum Price

ETH price illustrated a 2.21% dip at press time to trade at $3,379.78. Ethereum’s 24-hour lows and highs are $3,363.44 and $3,467.83, respectively. Despite the anticipation of the ETH ETF trading launch shortly ahead, the token has failed to show a significant upside momentum.

Solana Price

Simultaneously, the crypto SOL witnessed a 3.73% price fall today and is currently trading at $141.58. Its 24-hour lows and highs are $139.31 and $147.40, respectively.

XRP Price

The Ripple-backed asset saw a turbulent action, trading in both red and green territories. XRP price rested at $0.4739, down 0.33% over the past day. Its 24-hour bottoms and peaks are $0.4703 and $0.4802, respectively.

DOGE & SHIB Prices

DOGE price tumbled 2.21% in the past 24 hours to $0.1237. Further, the SHIB price followed, falling 2.21% to $0.00001705. Other meme coins PEPE, WIF, and BONK, followed, decreasing 1-7% today.

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Top Crypto Gainers Today

Quant (QNT) price soars 7.92% to $78.82.
Mog Coin (MOG) price rallied 6.01% to $0.000001903.
Arweave (AR) price surged 4.06% to $27.18.
Injective (INJ) price saw a 2.87% upswing to $23.67

Top Crypto Losers Today

Lido DAO (LDO) price showed signs of correction, dipping 14.99% to $2.
Ethena (ENA) price saw an 8.45% plunge to $0.5187.
Starknet (STRK) price dipped 7.40% to $0.6621.
Gnosis (GNO) price saw a pullback of 6.91% to $277.85

Hourly Timeframe Charts

Hourly timeframe charts continue to underscore a turbulent movement for BTC, ETH, and top altcoins, noting a slight dip. Crypto market participants continue to monitor market dynamics for future price shifts.

Also Read:

• Coinbase, MicroStrategy, and Crypto Stocks Record Weekly Upswing
• Could Solana Mimic Ethereum and Surge to $1,000? Analysts Weigh In

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