July 7, 2024
Crypto

Bitcoin & Ethereum Take Bearish Turn, Filecoin & Injective Prices Rally


The crypto prices today have caused some uneasiness among traders and investors, as Bitcoin (BTC) & Ethereum (ETH) dipped to the $69K & $3,600 mark in the past 24 hours. Altcoins, Solana (SOL), XRP, and meme coins followed the tumbled price action. However, there is a silver lining as Filecoin (FIL) and Injective (INJ) emerged among today’s top gainers, presenting a potential for profit. Conversely, ‘dogwifhat’ (WIF) and Core were among the top losers of the day.

The global crypto market cap decreased by 2.60% to $2.55 trillion, whereas the total crypto market volume increased by 42.17% to $106.43 billion from yesterday.

Here’s a collective briefing on some of the top cryptos and their prices today, June 8.

Top Crypto Prices Today

Bitcoin Price

While writing, BTC price saw a 2% dip in the past 24 hours, reaching $69,487.09. After a substantial break above $71K, the flagship crypto took a bearish turn in the market. Its 24-hour lows and highs are $68,507.26 and $71,918.97, respectively.

Bitcoin’s dominance over the past day saw a 0.38% upswing, resting at 53.62%. The token’s market cap totaled $1.37 trillion.

 

Ethereum Price

ETH price followed the waning price action, aligning with today’s broader market trend. The token rested at $3,688.51, down 3.09% in the past 24 hours. Its 24-hour bottoms and peaks are $3,604.78 and $3,838.45, respectively.

Solana Price

Simultaneously, the SOL price noted a pullback, slipping 4.49% over the past day to $162.72. The token’s 24-hour bottom and top were $154.88 and $172.44, respectively.

XRP Price

The Ripple Labs-backed digital asset XRP also fell 4.33% to $0.5002, slipping below the crucial support of $0.52. Its 24-hour lows and highs are $0.4631 and $0.5275, respectively.

Despite XRP being into consideration for being a currency for the BRICS

payment system, the token has followed the broader market’s movement.

DOGE & SHIB Prices

Similarly, the meme coins sector mimicked the tumbled price action today, with DOGE plunging 7.88% to $0.1483 and SHIB declining 4.39% to $0.00002388.

Top Crypto Gainers Today

Injective (INJ) rallied 7.98% to $30.24.
Filecoin (FIL) surged 6.53% to $6.32.
Sei (SEI) pumped 5.04% to $0.5339.
Wormhole (W) continued to gain, jumping 2.62% to $0.7189.

Also Read: 3 Cathie Wood Stocks To Watch Out For Amid Market Slump

Top Crypto Losers Today

dogwifhat (WIF) plunged 12.48% to $2.83.
Core (CORE) dipped 12.18% to $1.77
dYdX (DYDX) fell 11.41% tp $1.93.
Gala (GALA) corrected 10.95% to $0.04004.

Meanwhile, hourly time frame charts illustrate that BTC and XRP prices waned while Ethereum and Solana struggled to gain an upward momentum.

Also Read: Bitcoin Fees Soar Again, Unrelated to Runes or Ordinals Impact



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