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Highlights
- Bitcoin dips below $95K as altcoins follow the downtrend with RUNE and INJ falling 11%.
- ETH and BTC ETF outflows continue, signaling bearish market sentiment.
- XDC and Monero show gains amidst market downturn, up 7% and 4%, respectively.
- XRP remains the only top 10 gainer, trading up by 0.40%, while major altcoins suffer losses.
The crypto market today remains in bearish territory as Bitcoin slipped below $95K, with major altcoins following suit and several tokens trading in the red. THORChain (RUNE) and Injective (INJ) were among the worst performers, both dropping 11% from their daily highs. The global crypto market cap declined by around 2%, settling at $3.33 trillion, though trading volume saw a slight 4% increase over the past 24 hours, reaching $168 billion. Let’s dive into the latest prices of the top cryptocurrencies by market cap.
Crypto Market Today: BTC, ETH, SOL Drop in Bearish Trend
The crypto market today saw a continued bearish trend, with Bitcoin (BTC) down 3%, Ethereum (ETH) falling 2%, and Solana (SOL) dropping 2.5%. Despite the downturn, a positive sign emerged as Bitcoin whales began accumulating BTC once again.
Bitcoin Market Today: BTC Drops 3%, ETF Outflows Continue
Bitcoin price was trading at $94,390, reflecting a 3% drop in the last 24 hours. The 24-hour low and high for BTC stood at $92,559 and $96,666, respectively.
As per SoSo Value data, BTC ETFs witnessed an outflow of $582 million. Fidelity led the sell-off, offloading $258 million worth of Bitcoin. Ark and 21Shares also sold $148 million in Bitcoin, while BlackRock sold $124 million.
Ethereum Market Today: ETH Price Down 1.5%, ETF Outflows Surge
Ethereum price was down by 1.5%, currently trading at $3,325. The 24-hour low and high for ETH were recorded at $3,210 and $3,387, respectively.
ETH ETFs saw an outflow of $159 million in the past 24 hours, with Fidelity contributing $147 million to the sell-off. The ongoing bearish sentiment continues to impact the crypto market today, reflecting declining prices and significant fund outflows from major institutions.
XRP Market Today: Only Gainer Among Top 10 Coins
XRP price stood out as the only coin in the top 10 to register a gain, rising by 0.40% in the last 24 hours. It was trading at $2.351, with a 24-hour low of $2.214 and a high of $2.396. Additionally, Ripple’s stablecoin RLUSD has been listed on the Bitstamp exchange, adding more utility to the XRP ecosystem.
Solana Market Today: SOL Price Drops 2%
Solana (SOL) price was down by approximately 2%, currently trading at $195.45. Its 24-hour low and high were recorded at $189 and $199, respectively.
Crypto Market Gainers Today
XDC Network
XDC price was up by 7%, now trading at $0.0973. Its 24-hour low and high were $0.087 and $0.0975, respectively. With a market cap of $1.45 billion and a trading volume of $59.35 million, XDC stands out amidst the crypto market today’s overall downturn.
Monero
XMR has been the 2nd top gainer for today, with its price trading at $196, reflecting a 4% increase. Its 24-hour low and high were recorded at $183 and $201, respectively. With a market cap of $3.61 billion and a trading volume of $86.49 million.
Hyperliquid (HYPE), GateToken (GT), and NEO token have also shown gains in the crypto market today, with each token up by 2% to 4% in the last 24 hours. Despite the broader market’s bearish trend, these tokens have managed to perform well.
Crypto Market Losers Today
THORChain
RUNE price was down by 11%, currently trading at $3.94. Its 24-hour low and high were recorded at $3.86 and $4.35, respectively, reflecting a significant decline in the crypto market today.
Injective
INJ price was down by 11% in the last 24 hours, trading at $21.60, with a 24-hour low of $20.54 and a high of $23.88. Despite the downward trend in the market, INJ price has been up by 11% in the last quarter and saw a 13% increase in the past week after the community passed a major governance proposal, amid growing market interest in AI coins.
WIF, MOVE, AIOZ, and SPX have also faced a decline of 7% to 9% in the last 24 hours. This adds to the overall bearish sentiment in the market.
Besides this, the hourly chart also shows a bearish sentiment in the crypto market, with Bitcoin down by 0.13% in the last 24 hours. Fartcoin dropped by 4% in the last hour, and major altcoins are also in the red, reflecting continued selling pressure across the market.
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