33.96 F
London
November 22, 2024
PI Global Investments
Bitcoin

Bitcoin Stands Firm Above $71K, Wormhole (W) Soars 12%


Today’s crypto prices saw a trading session primarily in the red territory, with Ethereum (ETH), Solana (SOL), and XRP experiencing waning price trajectories. However, Bitcoin (BTC) maintained its break above the $71K mark, whereas Wormhole (W) emerged among the day’s top gainers. Kaspa (KAS) emerged among top losers.

The global crypto market cap saw a significant dip of 1.05% to $2.62 trillion, followed by a total crypto market volume decline of 9.09% to $74.9 billion. This overall market decline is reflected in majority of the crypto prices, although some appear to have defied the broader trend as well.

Here’s a report on some of the top cryptos and their price movements today, June 7.

Top Crypto Prices Today

Bitcoin price

After a remarkable break above the $71K mark, BTC price briefly slipped to the $70K mark today. This slight tumbled movement falls in line with the broader market’s trend, although Bitcoin ETFs recorded $217.7 million in net inflows on June 6, per data by Farside Investors. Aligning with this, the token again topped $71K, reaching $71,142.90, gaining 0.22% over the past day.

BTC’s 24-hour lows and highs are $70,119.12 and $71,625.74, respectively. Meanwhile, Bitcoin’s dominance today was 53.24%, an increase of 0.21% from yesterday.

Ethereum Price

ETH price dipped 1.57% in the past 24 hours to $3,804.81. The crypto’s 24-hour bottoms and peaks are $3,761.78 and $3,865.93, respectively. Despite a phenomenal surge in the daily active users on the Ethereum ecosystem post-ETF approval, the token has yet to witness a significant upside momentum.

Solana Price

Whereas, after leaving behind the $170 mark yesterday, SOL price tumbled 2.02% in the past 24 hours to $170.47. Solana’s 24-hour lows and highs are $167.86 and $173.90, respectively.

XRP Price

The Ripple Labs-backed cryptocurrency followed the broader market’s trend, falling 0.68% to $0.5223. Its 24-hour bottoms and tops are $0.5175 and $0.5276, respectively.

A slip below the crucial support of $0.52 has kept investors on their toes, although XRP price has maintained a position above $0.52.

DOGE & SHIB Prices

DOGE price declined 1.01% to $0.1609 over the past day, whereas SHIB price dipped 2.99% to $0.00002511 during the same period.

The prices of the top meme coins, PEPE, WIF, and BONK, slipped 5-6%. However, FLOKI was up 0.93%.

Top Crypto Gainers Today

Wormhole (W) surged 12.98% to $0.7.
Toncoin (TON) rallied 5.62% to $7.63.
Injective (INJ) was up 5.83% to $28.
Flare (FLR) jumped 5.04% to $0.02995.

Also Read: BRETT v PEPE: Where Will Short-Term Inflows Accumulate?

Top Cryptos Losers Today

Bitget Token (BGB) fell 8.27% to $1.21.
Kaspa (KAS) plummeted 5.34% to  $0.1709
Fetch.ai (FET) decreased 7.21% to $2.01.
Bonk (BONK) plunged 6.88% to $0.00003146.

In the interim, hourly time frame charts illustrated that BTC jumped 0.48%, whereas ETH, SOL, and XRP followed the upside momentum.

Also Read: Crypto Scam: NYAG Lock Horns With Firms With $1B Fraud Stint



Source link

Related posts

Wisconsin Becomes the First State to Buy Bitcoin

D.William

What Bitcoin’s trading patterns on centralized exchanges tell us about the market

D.William

Bitcoin Nears 42K, Pepe Coin Crashes 30%

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.