ETH Outflows Spark BTC Surge Back to 60K Cryptocurrency Market Toppling

CoinDesk Report:
Source: Niu Goluo Yao
With Bitcoin (BTC) falling back to the $60,000 mark and corresponding outflows from BTC ETFs, cryptocurrency prices today are predominantly recovering from a bearish trend. Ethereum (ETH), Solana (SOL), and XRP are following this bearish trend, trading in the red zone. Meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) are also mirroring the weakening price movements today.
It is noteworthy that the global cryptocurrency market cap has dropped by 1.81% to $2.25 trillion, with total cryptocurrency market volume in the past 24 hours decreasing by 0.65% to $609.5 billion.
Today’s Highest Cryptocurrency Prices:
Bitcoin Price:
BTC is trading at $60,644.16 today, a 1.82% drop in the past 24 hours. This price decline coincided with a $9.4 million outflow from the BTC ETF on June 28. Following three consecutive days of inflows, the outflow seems to have brought a setback to the token.
Bitcoin’s 24-hour low and high points are $59,985.40 and $61,768.43, respectively. The flagship cryptocurrency’s market share is at 53.12%, up 0.01% today.
Ethereum Price:
As of the time of writing, ETH has declined by 2.21% with a trading price of $3,379.78. Ethereum’s 24-hour low and high points are $3,363.44 and $3,467.83, respectively. Despite expectations surrounding the upcoming ETH ETF trading, the token has not shown a clear upward trend.
Solana Price:
Meanwhile, cryptocurrency SOL’s price has fallen by 3.73% today, currently trading at $141.58. Its 24-hour low and high points are $139.31 and $147.40, respectively.
XRP Price:
XRP-supported assets are experiencing fluctuations, trading in the red and green zones. XRP’s price remains at $0.4739, a 0.33% decrease in the past day. Its 24-hour low and high are $0.4703 and $0.4802, respectively.
DOGE and SHIB Prices:
DOGE’s price has dropped by 2.21% to $0.1237 in the last 24 hours. SHIB’s price has also declined by 2.21% to $0.00001705.
Following closely are other meme coins PEPE, WIF, and BONK, all down by 1-7% today.
Today’s Biggest Cryptocurrency Gainers:
Quant (QNT) skyrocketed by 7.92% to $78.82. MogCoin (MOG) saw a 6.01% increase to $0.000001903. Arweave (AR) surged by 4.06% to $27.18. Injective (INJ) rose by 2.87% to $23.67.
Today’s Biggest Cryptocurrency Losers:
Lido DAO (LDO) showed signs of retracement, dropping by 14.99% to $2. Ethena (ENA) fell by 8.45% to $0.5187. Starknet (STRK) declined by 7.40% to $0.6621. Gnosis (GNO) saw a 6.91% retracement to $277.85.
Hourly timeframe charts continue to highlight the volatile trends of BTC, ETH, and top altcoins, showing a slight decline. Cryptocurrency market participants continue to monitor market dynamics to understand future price changes.
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