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.
Cryptocurrency prices displayed varied movements on Wednesday, as bitcoin briefly surpassed $66,000, while several altcoins, including Ethereum, Solana and XRP, experienced gains. However, meme coins faced a decline in their prices.
Bitcoin prices rose by 1.49% today, reaching $65,672.92 at the time of writing. 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 (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.
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.
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.
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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