After a recent rally, cryptocurrency markets are facing selling pressure today. Bitcoin (BTC) fell to $93,000, while Ethereum (ETH) and XRP gained 3% to 5%. Solana (SOL) fell 5%. On the other hand, Lido DAO (LDO) and Arbitrum (ARB) were among the top altcoins with gains of 15% and 10%, respectively.
Leading Cryptocurrency Bitcoin Price Today
BTC is currently trading at $94,666 and is down 3% in the last 24 hours. Its intraday low and high were $92,642 and $98,935 respectively. Bitcoin’s market cap is $1.87 trillion, with a 24-hour trading volume of $84 billion. BTC’s market dominance is at 57.27%.
However, there was an outflow of $684 million from Bitcoin ETFs yesterday. Data from BlackRock, Invesco and VanEck are eagerly awaited. In addition, video sharing platform Rumble announced that it plans to allocate $20 million from its corporate treasury to Bitcoin. This shows that institutional interest continues to grow.
Ethereum and Solana
Ethereum (ETH) is currently trading at $3,432 and is up 3% in the last 24 hours. The lowest and highest prices of ETH in the last 24 hours ranged between $3,349 and $3,545. Ethereum’s market cap is recorded at $414 billion and its trading volume is $52 billion. ETH’s market dominance continues at 12.7%. In addition, ETH ETFs have seen an inflow of $283,000 in the last period. Additional data from BlackRock, VanEck, and Invesco will affect the price dynamics of Ethereum. This situation reveals that investors’ interest in ETH continues.
Solana (SOL) is currently trading at $237 and has lost 5% in the last 24 hours. SOL’s lowest and highest prices were $231 and $256, respectively. SOL, which has a market value of $112 billion, draws attention with a trading volume of $6.71 billion. SOL’s market dominance is at 3.47%. In addition, as we reported at Kriptokoin.com , Solana’s memecoin platform Pump Fun has suspended its live broadcast feature indefinitely. This decision was made following criticisms that the service was being abused. This will affect investors’ trust in the SOL ecosystem.
Cryptocurrency Market in a Drop: Meme Coin Prices Today
The meme coin market has been on a downtrend over the past 24 hours. Dogecoin (DOGE) lost 5% to $0.40, while Shiba Inu (SHIB) is trading at $0.00002504, down 2%. Other popular meme coins such as PEPE, BONK, and FLOKI are also down 4% to 6%. These declines indicate that the meme coin market is generally in a negative momentum. Investors are closely following this trend in the meme coin market.
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