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Following the traders’ frightened reaction to the US Fed meeting minutes, Bitcoin and other popular crypto tokens plunged on Thursday. The minutes of the July US Fed meeting lowered investor optimism globally and warned that the US central bank could need to raise rates again.
Bitcoin’s (BTC) price, was quite bearish today and was still below the $30,000 threshold at $26,262.66, and down by more than 8% since yesterday. Other well-known altcoins, Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL), also experienced losses on the other side of the border.
Ethereum is trading at $1,668.58, with more than a 7% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed over 17% dip. Solana also faced a reduction, with its price plummeting by 7%. On the other hand, Polygon (MATIC), which traded on green lines a few days back, is down by more than 8% since the last day. Polkadot coin price saw a decline of almost 8% in its price, in one day.
The realm of meme cryptocurrencies also tells a similar story. In the past 24 hours, Dogecoin’s price witnessed a reduction of more than 10%, while Shiba Inu’s token price experienced a steeper decline of 12%.
The crypto market today is mostly bearish with few exceptions. The global crypto market cap stands at $1.05 trillion. The 24-hour crypto market volume stands at $66.9 billion, with an 81% increase.
The top 4 cryptos for today are:
- Pepe coin is down by 9.93%
Pepe coin price is down by almost 10% and the price stands at $0.000001076, at the time of writing. It has a global market cap of $419.49 million. Although recent market moves have created some doubt, the consensus is that the currency may experience a significant increase.
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XRP is down by 17%
XRP’s price has seen a downward fall of more than 17% in the last 24 hours, and the price is at $0.49. Its global market cap is $25,971,012,644. Recently, on its cryptocurrency derivatives platform, BitExchange, a decentralized money-transfer service, has provided XRP-linked options. Additionally, as the cryptocurrency hit a crucial support level, XRP whales began acquiring additional tokens.
Also Read: Bitcoin (BTC) Price Takes A Dip Under $26,000, Why It’s A Buy on Dips
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SEI token is down by 20.01%
SEI token is trading at $0.1583, with more than a 20% drop in the last 24 hours. The global market cap is $284,667,593. Even though the newly created layer-1 Sei Network launched its Mainnet beta phase this week, bringing in its brand-new SEI coin, the price declines continue.
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CFX token is down by 19.02%
Conflux (CFX) token is down almost 20% in the last 24 hours, and the price stands at $0.129, at the time of writing. The global market cap of CFX is $408,019,014. Around 80% of the time, the short-term view for the CFX price is bearish, while 20% of the time it is neutral. Analysts predict that in the following days, the price may continue to decline and test lower levels.
Also Read: Coinbase-backed Crypto Mixer Tornado Cash Loses Lawsuit Over US Sanctions
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- ‘Huge Breakthrough,’ Peter Brandt Says as Dogecoin Reclaims $0.30 Ahead ETF Launch
- Bitcoin Bull Cycle Could Extend To 2026, Arthur Hayes Predicts
- Bitcoin Price Prediction: Q4 Rally Looms as ETF Inflows Hit $642M—Analyst eyes $150K
- Pepe Coin Price Prediction as the Token Jumps Nearly 20% – Will Whale Accumulation Take it to $0.00003?
- Pi Coin Price Prediction As Adam & Eve Pattern Signals Breakout Rally To $0.45 Ahead
- HBAR Price Prediction Amid DTCC Listing and Archax Expansion — Is $0.50 Next?
- Ethereum Price Eyes a 40% Surge as Morgan Stanley Shifts Fed Cuts Forecast
