The cryptocurrency market is showing volatile price movements today. Bitcoin (BTC) briefly surpassed $66,000, while altcoins such as Ethereum (ETH), Solana (SOL) and XRP were on the rise. However, meme coins saw a decline in price.
Bitcoin Crossed $66K
Bitcoin prices rose by 1.49% today, reaching $65,672.92. BTC hit a 24-hour high of $66,101.62. However, the leading cryptocurrency fell as low as $62,487.97 in the same time frame. Spot Bitcoin ETFs recorded inflows of $422.67 million for the eighth consecutive day as of July 16, according to Soso Value data, which confirmed BTC’s steady movement in the green zone.
Ethereum and Solana’s Price Movements
Ethereum (ETH) price fluctuated but managed to stay in the green zone. ETH traded at $3,488.67, up 0.44% in the last 24 hours. Spotonchain data shows that there have been massive ETH dumps by ICO whales in the run-up to the ETH ETF launch. This may have triggered today’s price fluctuations.
Solana (SOL) price was up 1.92% to trade at $161.06 today. SOL saw a 24-hour low of $153.05 and a 24-hour high of $163.66. This rise of Solana was considered a promising price movement among investors.
As Bitcoin Hits Record Highs, XRP and Meme Coins
XRP price continued to trade in the green zone and reached $0.5859, up 3.24%. The Ripple-backed cryptocurrency recorded a 24-hour low of $0.5343 and a 24-hour high of $0.5925. As the final verdict in court approaches, XRP has gained significant bullish momentum. Breaking the $0.56 level, XRP is heading towards $0.6, an important resistance point.
Dogecoin (DOGE) fell 0.41% in the last 24 hours to $0.1256. Similarly, Shiba Inu (SHIB) fell 1.98% to $0.00001954. Also, Floki Inu fell 4.38% to $0.0001877. However, PEPE and WIF managed to stay in the green zone.
Top Gaining and Losing Cryptocurrencies
Worldcoin (WLD) price increased by 18.63% to $2.75. Helium (HNT) price increased by 14.96% to $4.31. Arweave (AR) price increased by 11.22% to $31.19. Core (CORE) price increased by 10.47% to $1.42.
Uniswap (UNI) price fell 4.40% to $8.20. Brett (BRETT) price fell 4.01% to $0.1411. Notcoon (NOT) price fell 3.99% to $0.01647. Toncoin (TON) price fell 3.98% to $7.30.
General Situation in the Crypto Market
The global crypto market capitalization increased by 0.99% to $2.4 trillion. At the same time, the total crypto market capitalization increased by 16.79% to $97.9 billion as of yesterday. On the hourly timeframe charts, BTC was up 0.53% and ETH was up 0.42%. Similarly, altcoins such as SOL and XRP also rose in the same timeframe, continuing the positive sentiment in the crypto market. As we at Kriptokoin.com have reported, cryptocurrency markets can exhibit volatile price movements. Careful research is recommended before investing.
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