- July 25, 2024
- Posted by: Jackson Bennett
- Category: News, Uncategorized
A bearish turn had been taken by the crypto prices today. Bitcoin price has slipped down to $64K; meanwhile, ETH fell to $3,100. The downtrend has been generally followed by altcoins. Bitcoinโs descent to $64k sends jitters across the investor community. Ethereum looks like it is going down despite the recent launch of ETH ETFs. Today, the overall cryptocurrency market displayed a slow price action.
Todayโs crypto prices have raised serious concerns among investors throughout the entire market. On April 13, for example, Bitcoin (BTC) dropped as low as $63750 after opening at $64100 and fluctuated between these levels until closing at $63994 per token type.ย
While Ethereum (ETH) rose from$2840 from the early morning trading hours on July 25th up until now with support tariffs being put up at around 3100 dollars; this particular fall was not even part of an ongoing downtrend because it launched just one day ago its decentralized finance โ defi fund which seeks investments from institutional traders & retail alike?
At the same time though, the global crypto market cap decreased by 0.98% valued at $2.37 trillion while total crypto volume over the past day declined by 23.24% reaching $67 billion. Below are some of the top cryptocurrencies by market cap and their movements today July 25th.
Read more :- BTC Price Needs To Hold $70K Next As Bitcoin Weathers ECB Rate Cut
Bitcoin Price
The last twenty-four-hour period saw BTC decline by 2.80%. The coin now sells for about $64070 or more than that depending on where you look in terms of lowest highs and highest lows (as quoted through our calculator).
Also, it is worth mentioning that Hashdex recently filed an S-1 for a combined BTC & ETH exchange-traded fund.
Conversely, between 28 June and 4 July 2021, Bitcoin ETFs had outflows amounting to $44.51 million as reported by Soso Value.
In addition to this, there is an increase in Bitcoin dominance by 0.28% reaching 54.54% signalling a bearish movement in the altcoin market.
Ethereum Price
Simultaneously, today’s Ethereum price showed signs of a pullback with a decrease of 7.88% ($3,175.44). Yesterday the lowest and highest values were registered at $3,160.37 and $3,473.00 respectively.
Itโs worth mentioning that Hashdex filed S-1 for a combined BTC & ETH exchange-traded fund recently.
Read more :- Ethereum Price Outlook: ETH Strives To Establish $2,300 As Support
Solana price (SOL)
The current SOL price chart shows a dip of 2% to close at around $170.48 as has been the case with other altcoins across the board. As per Solana’s day statistics, its lows and highs were set at $169.14$182.36 respectively.
However, two days ago Solana whales staked about forty-one million dollarsโ worth of SOL because the coin was about halfway up its rally towards breaking out over fifty per cent; yet todayโs dip has caused serious worries in the market as well
Read more :- Solana Memecoin WATER Jumps 23% As Lionel Messi Boosts Awareness On Instagram.
XRP price.
The XRP price mimicked a waning price movement after one of the most active sessions ever recorded, during which almost all traders closed their trades higher than before. Therefore, we have every reason to believe that cryptocurrency may begin another bull run when the bears take their breath.
DOGE & SHIB Prices
In the same regard, the meme coin segment showed a massive bearish trend as well under pressure. Dogecoin (DOGE) price dropped by 4 per cent which we noted. 93% in the last 24 hours and is at $0 at the moment. 1231. At the same time, Shiba Inu (SHIB) dropped 4. 18% to reach 0. 00001611.
Still, Pepe coin declined by 4. 43% and is projected to trade at $0. 00001168 today.
Crypto Gainers Today
Flow (FLOW) price surged 3. 84% to $0. 6257. The token of the social network UNUS SED LEO (LEO) experienced an increase of 1. 73% increase to $5. 90.
Crypto Losers Today
Mog Coin (MOG) declined by 12% as described in this article. 62% to $0. 000001715.
Lido DAO (LDO) experienced an 11 per cent drop. 66% to $1. 54.
It deflated by 11% to reach $0 on Brett’s (BRETT) price. 1177 today.
The value of Celestia (TIA) chose to decline by 10. 42% to reach $5. 75.
Besides, the hourly time frame charts depicted rather volatile up and down flights for the majority of the coins leading to speculations over the current crypto prices.
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