Crypto Prices Today July 6: 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
The post Crypto Prices Today July 6: Bitcoin Regains Momentum To $56K, Altcoins Mirror Uptrend appeared first on CoinGape.
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