Crypto Prices Today June 8: Bitcoin & ETH Take Bearish Turn, Wormhole & INJ Pump

Coingapestaff
June 8, 2024
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights 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.
Crypto Prices Today (Feb 25): Why BTC Plunged To $90K & Altcoins Followed?

Highlights

  • Bitcoin and Ethereum prices dip remarkably today.
  • Altcoins ETH, SOL, and XRP follow.
  • Filecoin and Injective emerge among top gainers, while WIF surfaces among top losers.

The crypto prices today have caused some uneasiness among traders and investors, as Bitcoin (BTC) & Ethereum (ETH) dipped to the $69K & $3,600 mark in the past 24 hours. Altcoins, Solana (SOL), XRP, and meme coins followed the tumbled price action. However, there is a silver lining as Wormhole (W) and Injective (INJ) emerged among today’s top gainers, presenting a potential for profit. Conversely, ‘dogwifhat’ (WIF) and Core were among the top losers of the day.

The global crypto market cap decreased by 2.60% to $2.55 trillion, whereas the total crypto market volume increased by 42.17% to $106.43 billion from yesterday.

Here’s a collective briefing on some of the top cryptos and their prices today, June 8.

Top Crypto Prices Today

Bitcoin Price

While writing, BTC price saw a 2% dip in the past 24 hours, reaching $69,487.09. After a substantial break above $71K, the flagship crypto took a bearish turn in the market. Its 24-hour lows and highs are $68,507.26 and $71,918.97, respectively.

Bitcoin’s dominance over the past day saw a 0.38% upswing, resting at 53.62%. The token’s market cap totaled $1.37 trillion.

BTC price June 8

 

Ethereum Price

ETH price followed the waning price action, aligning with today’s broader market trend. The token rested at $3,688.51, down 3.09% in the past 24 hours. Its 24-hour bottoms and peaks are $3,604.78 and $3,838.45, respectively.

ETH Price June 8

Solana Price

Simultaneously, the SOL price noted a pullback, slipping 4.49% over the past day to $162.72. The token’s 24-hour bottom and top were $154.88 and $172.44, respectively.

Crypto SOL price June 8

XRP Price

The Ripple Labs-backed digital asset XRP also fell 4.33% to $0.5002, slipping below the crucial support of $0.52. Its 24-hour lows and highs are $0.4631 and $0.5275, respectively.

Despite XRP being into consideration for being a currency for the BRICS payment system, the token has followed the broader market’s movement.

Crypto XRP price June 8

DOGE & SHIB Prices

Similarly, the meme coins sector mimicked the tumbled price action today, with DOGE plunging 7.88% to $0.1483 and SHIB declining 4.39% to $0.00002388.

Top Crypto Gainers Today

Injective (INJ) rallied 2.59% to $30.10.
Wormhole (W) continued to gain, jumping 10.23% to $0.7475

Also Read: 3 Cathie Wood Stocks To Watch Out For Amid Market Slump

Top Crypto Losers Today

dogwifhat (WIF) plunged 17.41% to $2.71.
Core (CORE) dipped 13.63% to $1.70.
dYdX (DYDX) fell 12.87% to $1.88.
Gala (GALA) crashed 15.03% to $0.03874.

Meanwhile, hourly time frame charts illustrate that BTC and XRP prices waned while Ethereum and Solana struggled to gain an upward momentum.

Also Read: Bitcoin Fees Soar Again, Unrelated to Runes or Ordinals Impact

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

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.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.