Today, the crypto prices have plummeted significantly as the majority of the coins are in the red. This has raised major concerns across the market as investors fear an even downward movement. Some major events in the last 24 hours have contributed to the downturn. One such is the âsell-the-newsâ situation with Ethereum following the ETF launch. Another reason why the crypto market is down today is the Mt. Gox continuing creditor repayment.
This FUD-like situation has caused the global crypto market cap to drop by over 4.2% in one day. Bitcoin is now getting close to the $63k zone, while ETH has declined to $3,100. Meanwhile, the sentiment surrounding the market, measured by the crypto fear and greed index, has dropped by another one point over the last day, dropping to 68 from yesterdayâs 69.
Top Crypto Prices Today
Bitcoin has been facing selling pressure following the commencement of the Mt. Gox creditorâs repayment. As the rehabilitation proceeds, fear of a massive dump by users who have been waiting for their repayment for a decade has circulated the market leading to uncertainties about the future price of the asset. Bitcoin traded at $64,293 at press time representing a 3.21% decline. However, the trading volume observed over the last day increased by 6.04% to $34.6 billion. According to data from Soso Value, the total Bitcoin ETF inflow for July 24 is $44.51 million.
The anticipation behind the ETH ETF has waned after 48 hours of launch. The coin has failed to show growth which has raised concerns among market participants. Ethereum has recorded the most losses among the top cryptocurrencies, losing a significant 8.39% to trade at $3,169. Ethereum has touched the lows and highs of $3,156.69 and $3,471.70 respectively. Meanwhile, Grayscale has been seen moving over 140k ETH to Coinbase Prime in one day.
Other Altcoin Prices
Solana has seen a 3.54% decline to $170.50. What is more, SOL had its bottoms and tops of $169.01Â and $182.29 respectively. In the weekly chart, Solana still enjoys a 6.98% gain.
The Ripple-backed XRP token gained 1.5% to its value, resting at $0.6211. Interestingly, XRP has traded between $0.5973 and $0.6328 in one day.
The Binance Coin (BNB) price has decreased by 3,99% to $564.58, maintaining a bottom and top range of $553.75 and $589 respectively. However, Toncoin (TON) crashed by 4.83% to $6.62. Its one-day lows and highs were $6.57 and $7.00.
The memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) have decreased in the last 24 hours. While DOGE saw a notable 6.68% loss, SHIB recorded a decline of 5.82%. Thus, DOGE and SHIB are now trading at $0.1243 and $0.00001626 respectively.
Top Trending Gainers Today
BLOCKLORDSÂ (LRDS) surged by 132.94% to $1.85
Skey Network (SKEY) climbed 62.58% to reach $0.04202
Flow (FLOW) gained 4% to $0.63
UNUS SED LEO (LEO) moved up by 2.1% to $5.9
The majority of the coins in the market enjoyed notable gains at the beginning of the week. However, after 96 hours, the landscape has changed as the market now presents a significant downtrend. While the general outlook seems positive and impressive, it will be interesting to see how long it will hold and how the week will end.
The post Crypto Price Update July 25: BTC and ETH Leads Market Crash, XRP Maintains Rally appeared first on Coinfomania.
