๐ฅCrypto Prices Today June 11: Bitcoin Slips to $67K, ETH Below $3,600 While INJ & GNO Rally 4-9%
๐ Crypto Market Decline
Today, the crypto market experienced significant price drops, raising bearish concerns. Bitcoin (BTC) slipped to $67K, while Ethereum (ETH) fell below $3,600. Altcoins like Solana (SOL), XRP, and meme coins also declined. However, Gnosis (GNO) and Injective (INJ) bucked the trend, rallying 4-9%.
๐ Market Overview
Global Crypto Market Cap: Down 2.49% to $2.48 trillion.Total Crypto Market Volume: Up 53.88% to $74.94 billion.
๐ Top Crypto Prices Today (June 11)
Bitcoin (BTC):
Price: $68,315 (-1.83% in 24 hours)
24-hour range: $67,905.26 - $70,146.84
Dominance: Increased by 0.21% to 54.14%
Ethereum (ETH):
Price: $3,576.45 (-2.86% in 24 hours)
24-hour range: $3,571.27 - $3,711.43
Market Cap: $427.84 billion (-3.23%)
Solana (SOL):
Price: $155.50 (-2.48% in 24 hours)
24-hour range: $155.22 - $162.83
XRP:
Price: $0.4859 (-2.68% in 24 hours)
24-hour range: $0.4849 - $0.5053
Dogecoin (DOGE):
Price: $0.1419 (-2.58% in 24 hours)
Shiba Inu (SHIB):
Price: $0.00002261 (-2.92% in 24 hours)
๐ Top Crypto Gainers Today
Gnosis (GNO): +8.50% to $353.47
Injective (INJ): +4.61% to $28.92
Oasis (ROSE): +4.04% to $0.1246
Uniswap (UNI): +1.20% to $9.90
๐ Market Sentiment
The declines come ahead of the Federal Open Market Committee (FOMC) meeting, with massive liquidations in anticipation. Market analysts expect the FOMC to maintain interest rates at a 23-year high, with up to three rate cuts by the end of 2024. Despite the downturn, Ethereumโs fundamentals remain strong, leading in fees over Layer 2s by a wide margin.
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Looking Ahead
Investors are on high alert for the FOMC meeting and Producer Price Index (PPI) data, which could influence Ethereum and the broader market's next direction. Ethereumโs strong fundamentals may help sustain its price if the FOMC outcome is unfavorable for the markets.