CoinJiex.com Report:
Today’s cryptocurrency market has brought strong optimism. Bitcoin (BTC) quickly rebounded after hitting a low point of $53,000, breaking through the important $56,000 mark. Top cryptocurrencies such as Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) also showed an upward trend.
The global cryptocurrency market cap has grown by 2.79% in the past 24 hours, reaching $2.06 trillion. In addition, the total trading volume has increased by 4.83% to $109.33 billion.
Here is an overview of the price trends of some top cryptocurrencies today (July 6th).
Highest cryptocurrency prices today:
Bitcoin price:
In the past 24 hours, the price of BTC has risen by 1.90%, currently trading at $56,369.52. The lowest and highest prices of BTC in the past 24 hours were $53,717.38 and $56,979.02, respectively.
According to data from SoSo Value, the main factor behind the rise in BTC price is the inflow of $143.1 million into the US Bitcoin ETF. This indicates that institutions may be taking advantage of the dip in Bitcoin’s recent price to buy in.
However, the altcoin market still puts pressure on BTC, with its market dominance decreasing by 0.62% today to 53.87%.
Ethereum price:
The price of ETH has increased by 2.12% compared to yesterday, reaching $2,973. The lowest and highest prices of ETH in the past 24 hours were $2,957.40 and $3,023.58, respectively.
The market cap of Ethereum today remains at $357.61 billion. Despite the upcoming ETF launch, the cryptocurrency market has shown significant volatility, especially due to institutions being more inclined towards BTC and SOL rather than ETH, resulting in a significant outflow of funds.
Solana price:
Meanwhile, the price of the Solana cryptocurrency has risen by 9.14% today, reaching $134.77. The lowest and highest prices of Solana in the past 24 hours were $122.42 and $137.53, respectively.
XRP price:
Similarly, in line with the broader trend in the cryptocurrency market, Ripple-supported asset XRP has risen by 8.15% today, trading at $0.428. The lowest and highest prices of XRP in the past 24 hours were $0.3948 and $0.4314, respectively.
DOGE and SHIB prices:
Dogecoin has seen a significant rebound today, rising by 11.81% to $0.1067. Shiba Inu closely follows, rising by 14.69% to $0.00001508.
At the same time, stocks such as PEPE, FLOKI, and BONK have all seen increases of 9% to 16%, while WIF ranks among the stocks with the largest daily gains.
Cryptocurrency with the highest increase today:
The price of Akash Network (AKT) has soared by 26.92% today, reaching $3.35. Following closely is dogwifhat (WIF), which has risen by 26.17% to $1.93. The price of MANTRA (OM) has risen by 22.87% to $0.8321. The price of MultiversX (EGLD) has also increased by 18.29% to $33.33.
Cryptocurrency with the biggest loss today:
The price of UNUS SED LEO (LEO) has dropped by 1% to $5.69. Core (CORE) has seen a slight decrease of 0.23% to $0.8873.
Meanwhile, the hourly charts of Bitcoin (BTC) and Ethereum (ETH) show a slight downward trend, highlighting some market volatility. However, during the same period, altcoins continue to rise, to some extent balancing Bitcoin’s dominance.