The cryptocurrency market today paints a complex picture. Bitcoin (BTC) has mobilized after the stagnation seen in recent days and approached the 62 thousand dollar limit. The leading altcoin Ethereum (ETH) and the leading altcoins Solana (SOL), Dogecoin (DOGE) and Shiba Inu (SHIB) gained between 0.3% and 3%. However, XRP declined, contrary to the general market trend. Here are the details…
Bitcoin and altcoin prices are on the rise
Total crypto market value increased by 2.18% compared to yesterday, reaching $2.29 trillion. Despite this, the trading volume in the last 24 hours showed a significant decrease of 29.28%. Here is a brief summary of some leading cryptocurrencies and their price movements as of June 26:
- Bitcoin (BTC): Its price has increased by 1.01% in the last 24 hours and is trading at $61,953.38 at the time of writing. The daily lowest and highest levels were recorded as $60,626.97 and $62,466.32, respectively. Interestingly, after a period of sluggishness in recent days due to macroeconomic factors and ETF outflows, Bitcoin has gained momentum following $31 million inflows into Bitcoin ETFs on June 25, according to Farside data. Meanwhile, Bitcoin’s dominance increased by 0.10% compared to yesterday, reaching 53.42%.
- Ethereum (ETH): At the time of writing, its price is up 0.42% to $3,391.97. The token’s 24-hour low and high were recorded at $3,346.79 and $3,424.58, respectively. The market value of Ethereum is at $406.86 billion today.
- Solana (LEFT): The chart of the cryptocurrency SOL reached $138.35, showing a 1.42% increase in its value today. Solana’s 24-hour low and high were recorded at $133.57 and $140.21, respectively.
- XRP: The price of XRP is trading at $0.4753, down 0.71% compared to the previous day. The daily lows and highs were $0.4735 and $0.4795 respectively. Against the background of this stagnant movement of XRP, on-chain tracker named Whale Alert revealed that whales were selling significant amounts of assets to cryptocurrency exchanges (CEX).
- DOGE and SHIB: DOGE price increased by 2.79% today, reaching $0.1273. Additionally, Shiba Inu (SHIB) rose 1.83% to $0.00001787. Pepe coin (PEPE) and dogwifhat (WIF) were among the top gainers of the day.
Solana and Cardano attracted attention among the top 10
While the hourly charts of Bitcoin and Ethereum follow a very volatile course, they point to potential price fluctuations in the coming period. Altcoin charts in the same time period show a weakening movement, leading to speculation in the market. Leading this recovery were Solana (SOL) and Cardano (ADA), with the total market value rising to $2.28 trillion.
Solana stands out with an increase of more than 5% in the last 24 hours. This is an indication of investor interest and its role in the DeFi (decentralized finance) space, despite the general decline in the market. Cardano is also on the rise, up over 4%. Behind this rise lie network updates and possible interest rate cuts. Other leading cryptocurrencies such as Bitcoin and Ethereum are also making some gains. However, the market is still quite volatile overall.
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