Cryptocurrency Market Update: Bitcoin and Ethereum Prices Dip, Solana and XRP Show Resilience – July 3
The cryptocurrency market has taken a bearish turn today, with Bitcoin (BTC) and Ethereum (ETH) prices seeing a significant drop. Bitcoin’s price fell to the $60k level, while Ethereum traded at $3,500. However, Solana (SOL) and XRP managed to stay in the green, while meme coins experienced a decline.
The global crypto market saw a 1.84% dip to $2.77 trillion, with the total market volume dropping by 1.67% to $53.45 billion. Despite this, some cryptocurrencies showed resilience and posted gains.
Bitcoin’s price dropped by 3.46% to $60,891.35, with its dominance standing at 53.18%. Ethereum’s price fell by 2.99% to $3,349, while Solana saw a slight increase to trade at $149.56. XRP also experienced a small uptick to $0.4796.
On the other hand, Dogecoin (DOGE) and Shiba Inu (SHIB) prices declined, along with Pepe coin. However, Floki Inu emerged as one of the day’s top gainers.
In terms of top gainers, Floki Inu, Oasis, Toncoin, and Cardano saw price surges, while Bittensor, Brett, Aave, and dogwifhat were among the top losers.
The hourly time frame charts indicate continued bearish movement for BTC, ETH, and other top altcoins, suggesting ongoing price volatility in the market. Investors and traders will need to closely monitor these developments in the coming days.
