Crypto Prices Today July 5: Bitcoin Tumbles To $53.6K Low, Altcoins Bleed
Highlights
- Bitcoin price takes bearish drop to the $55K mark.
- Ethereum and top altcoins showed signs of a correction today.
- Meme coins sector followed, with prices crashing.
The crypto prices today have caused traders and investors to sweat, as the Bitcoin (BTC) price chart illustrates signs of a potential pullback to the $55K price level. Top altcoins Ethereum (ETH), Solana (SOL), and XRP have mimicked this slumping price movement, showing signs of a potential correction over the past day.
The global crypto market cap saw a 4.58% dip to rest at $2.07 trillion today. However, the total crypto market volume over the past day saw an 8.14% upswing to $92.26 billion.
Here’s a brief report on some of the top cryptocurrencies and their price movements as of July 5.
Top Crypto Prices Today
Bitcoin Price
The BTC price trajectory illustrated a 6.07% dip at press time to trade at $55,429.99. Its 24-hour lows and highs were recorded as $53,680.23 and $59,006, respectively.
It’s worth noting that this price-slumping action comes against the backdrop of Mt. Gox’s massive Bitcoin transfer to an unknown wallet, worth a whopping $2.7 billion. Also, the US spot Bitcoin ETFs recorded $20.45 million in outflows, raising investor concerns.
Bitcoin’s dominance was up 0.80% from yesterday, indicating a significant waning price action in the altcoin market.
Ethereum Price
ETH price showed signs of a correction today, slipping 10.01% to $2,910.31. Its 24-hour lows and highs are $2,892.27 and $3,243.70, respectively.
Ethereum’s market cap plunged considerably, resting at $349.3 billion.
Solana Price
Meanwhile, the SOL price chart followed, correcting 9.47% to $123.77. Solana’s 24-hour lows and tops were recorded as $122.45 and $137.14, respectively.
XRP Price
The Ripple-backed crypto XRP price rested at $0.401, a significant 12.73% fall over the past day. The token’s 24-hour bottoms and peaks were $0.3908 and $0.4599, respectively.
DOGE & SHIB Prices
Dogecoin’s price crashed 18.08% over the past day and traded at $0.09468. Similarly, Shiba Inu’s price plummeted 17.73% to $0.0000131. Pepe coin (PEPE) price crashed 19.23% to $0.000007899.
Top Crypto Gainer Today
The only token that traded in the green territory, per CoinMarketCap’s data, was UNUS SED LEO (LEO), rising 1.30% to $5.82.
Also Read: Fmr Obama Solicitor Says Regulators Are “Deliberately Debanking Crypto”
Top Crypto Losers Today
The top losers for the day included:
Brett (BRETT), down 24.30% to $0.1703.
Notcoin (NOT), trading at $0.009445 with a 23.70% fall.
Starknet (STRK) price plunged 22.72% to $0.4702.
Core (CORE) price cracked 22.67$ to $0.8889.
Hourly time frame charts illustrated that while BTC continued a waning movement, a majority of the altcoins followed except SOL and XRP, which gained slightly above 1%. Crypto market participants continue to extensively eye the market for further price shifts.
Also Read: K Labor Party Wins In Exit Poll, Is Labor Good For Bitcoin?
- XRP Open Interest Climbs as VivoPower Launches Treasury Expansion via Mining Swap
- Bonk, Sui and Litecoin Jump as Tuttle Capital Files for Blast Income ETFs
- Rumors Hint Changpeng Zhao (CZ) Is Returning to Binance, BNB Shoots 5%
- Michael Saylor, Crypto Executives Meet to Push for Strategic Bitcoin Reserve Bill
- U.S. House Reattaches Anti-CBDC Bill to CLARITY Act Ahead of Senate Review
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
- Solana Price Set for a 25% Jump as Open Interest Nears a $20 Billion Milestone
- Bitcoin Price Prediction as Fed Decision Nears — Dump Before the Next Rally?
- Ethereum Price Prediction As Standard Chartered Says Treasury Buying Will Boost ETH Over Rivals
- Solana Price Prediction: Analyst eyes $1,250 as Galaxy Digital and Forward Industries Intensify Accumulation
- Trump Coin Price at Risk of a 16% Dive as Open Interest, Whale Selling Intensify
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
