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Crypto Prices Today: BTC Slumps, ETH, SOL, and XRP See Significant Declines
Crypto prices today are showing bearish momentum, with Bitcoin (BTC) dropping below the $97K level, marking a sharp decline from its $108K all-time high earlier this week. The BTC price hit a low of $92K, reflecting significant volatility. Major altcoins followed the downtrend, with Ethereum (ETH) down 4% and Solana (SOL) dropping 7% in the last 24 hours. Dogecoin (WIF) became the worst performer, losing 13% in the same period.
The global crypto market capitalization fell by approximately 2%, now at $3.34 trillion. Trading volume also dropped significantly, down by 44% to $170 billion. The Fear and Greed Index currently reads 59, indicating a neutral market sentiment despite recent declines.
Bitcoin Price Today
BTC price was trading at $96,760, showing a decrease of approximately 1% in the last 24 hours. Its 24-hour low and high were $96,457 and $99,538, respectively. The market capitalization stands at $1.91 trillion, with $50 billion in trading volume, and Bitcoin’s market dominance is at 57.60%. Despite the recent drop, Bitcoin ETFs saw an inflow of $449 million this week, according to SoSo Value.
Ethereum Price Today
ETH price was trading at $3,321, marking a 4% drop in the last 24 hours. Its 24-hour low and high were $3,294 and $3,554, respectively. The market capitalization stands at $400 billion, with $30 billion in trading volume. Ethereum ETFs saw an inflow of $62 million over the past week.
XRP Price Today
XRP price was trading at $2.20, down 3% in the last 24 hours. Its 24-hour low and high were $2.10 and $2.38, respectively. The market capitalization stands at $126 billion, with $14 billion in trading volume. Ripple transferred 90 million XRP coins to an unknown wallet, sparking speculation within the crypto community.
Solana Price Today
SOL price was trading at $182, reflecting a 7% drop in the last 24 hours. Its 24-hour low and high were $178 and $201, respectively. The market capitalization stands at $86 billion, with $5 billion in trading volume. Solana’s significant decline makes it one of the worst performers among the top 10 cryptocurrencies. A Solana whale has accumulated 1.7 million SOL after the recent dip in the crypto market.
Meme Crypto Prices Today
Meme coins also showed bearish momentum, with top meme coin DOGE down by approximately 3%, trading at $0.3179. Shiba Inu (SHIB) price dropped by 4% in the same period, trading at $0.00002166. Crypto analyst "Dollars Maker" shared insights into a potential 235% surge, projecting SHIB to reach $0.00005816. Other notable meme coins, including PEPE, BONK, and WIF, also saw declines ranging from 3% to 12% in the last 24 hours, following the broader crypto market trends.
Top Crypto Gainer Prices Today
Hyperliquid
Hyperliquid (HYPE) price became the top performer today, rising 8% in the last 24 hours. It was trading at $34.67, with its 24-hour low and high being $30 and $35, respectively. Hyperliquid token achieved another major milestone, as within three weeks of its launch, the HYPE price surged to $34.71, pushing its market cap to $10 billion.
Top Crypto Loser Prices Today
Dogecoin
Dogecoin (WIF) became the worst performer, losing 13% in the last 24 hours. It was trading at $0.3179, with its 24-hour low and high being $0.3089 and $0.3311, respectively.
Conclusion
The crypto market is experiencing a significant downturn, with major cryptocurrencies like Bitcoin, Ethereum, and Solana seeing significant declines. Meme coins also followed the broader market trend, with DOGE and SHIB experiencing notable losses. As the market continues to fluctuate, investors are advised to exercise caution and conduct thorough market research before making any investment decisions.
FAQs
Q: What caused the recent decline in crypto prices?
A: A combination of factors, including market fluctuations, whale movements, and economic uncertainty, contributed to the recent decline in crypto prices.
Q: Will the market recover?
A: It is difficult to predict, but many experts believe that the market will recover as it has in the past. However, it is crucial to stay informed and adapt to market changes.
Q: Should I invest in cryptocurrencies now?
A: It is essential to conduct thorough market research and consider your individual financial situation before making any investment decisions. Consult with a financial advisor if necessary.
Q: What is the Fear and Greed Index?
A: The Fear and Greed Index is a metric that measures market sentiment, with 0 indicating extreme fear and 100 indicating extreme greed. The current reading is 59, indicating a neutral market sentiment.
