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Bitcoin Regains Momentum To $56K, Altcoins Mirror Uptrend


Bitcoin Regains Momentum To $56K, Altcoins Mirror Uptrend

The crypto prices today have sparked significant optimism among investors across the broader market. Bitcoin (BTC) price regained an upward momentum to the $56K mark after slumping as low as the $53K level. Ethereum (ETH) and top cryptos Solana (SOL), XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) have mirrored an upside movement.

The global crypto market cap saw a 2.79% increase in value over the past day to $2.06 trillion. Further, the total crypto market volume jumped 4.83% to $109.33 billion.

Here’s an overview of some of the top cryptocurrencies and their price movements today, July 6.

Top Crypto Prices Today

Bitcoin Price

The BTC price saw a 1.90% increase in the past 24 hours and is currently trading at $56,369.52. Its 24-hour lows and highs are $53,717.38 and $56,979.02, respectively.

BTC’s rising price action comes against the backdrop of $143.1 million in inflows recorded in the U.S. spot Bitcoin ETFs, per data by SoSo Value. This hints at a potential buy-the-dip strategy by institutions amid Bitcoin’s recent tumbled price action.

Nonetheless, the altcoin market overpowered BTC as its dominance dropped 0.62% to 53.87% today.

Ethereum Price

The ETH price gained 2.12% from yesterday to reach $2,973. Its 24-hour bottoms and tops were $2,957.40 and $3,023.58, respectively.

Ethereum’s market cap rested at $357.61 billion today. Despite a looming ETF, the crypto has shown immense volatility, with massive outflows being recorded as institutions favor BTC & SOL over ETH.

Solana Price

Meanwhile, the crypto SOL’s price

saw a 9.14% upswing to $134.77 today. Solana’s 24-hour bottoms and tops were recorded as $122.42 and $137.53, respectively.

XRP Price

Similarly, aligning with the broader crypto market trend, the Ripple-backed asset XRP witnessed gains of 8.15% to trade at $0.428. XRP’s 24-hour slumps and tops were $0.3948 and $0.4314, respectively.

DOGE & SHIB Prices

Dogecoin price saw a significant rebound, surging 11.81% to $0.1067 today. Shiba Inu followed, gaining 14.69% to $0.00001508.

Simultaneously, PEPE, FLOKI, and BONK surged 9%-16%, whereas WIF secured a ranking among the day’s top gainers.

Also Read: GameStop Stock Falls Further; Roaring Kitty’s Impact Wanes

Top Crypto Gainers Today

Akash Network (AKT) price saw a phenomenal 26.92% upsurge to $3.35.
dogwifhat (WIF) followed with a 26.17% pump to $1.93.
MANTRA (OM) price rallied 22.87% to $0.8321.
MultiversX (EGLD) price was 18.29% to $33.33

Top Crypto Losers Today

UNUS SED LEO (LEO) price dipped 1% to $5.69.
Core (CORE) price saw a slight 0.23% fall to $0.8873.

However, the hourly time frame charts for BTC and ETH illustrated slight dips, underscoring the presence of some volatility. Nonetheless, altcoins continued to pump during the same duration, rationalizing BTC’s tumbling dominance.

Also Read: Crypto Stocks Fail To Capitalize on Big Tech Rally

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