Crypto Market Sees Bearish Turn as Bitcoin and Altcoins Plummet

The cryptocurrency market experienced a significant downturn today, July 30, with major coins like $BTC , $ETH, $SOL, and $XRP witnessing substantial price drops. The global crypto market cap fell 3.32% to $2.38 trillion, while the total crypto market volume surged 72.97% to $83.26 billion.

$BTC Price Analysis

$BTC price plummeted 4.16% in the past 24 hours to $66,555.76, with 24-hour lows and highs recorded at $65,894.27 and $69,987.54, respectively. Despite spot ETFs seeing 124.13 million inflows, the token has adopted a bearish trajectory. On-chain data suggests Mt. Gox may be preparing for another transfer, fueling concerns.

$ETH Price Analysis

$ETH price slipped 0.77% to $3,319.01, with 24-hour lows and highs at $3,257.72 and $3,396.63, respectively.

$SOL Price Analysis

$SOL price dipped 4.94% to $182.54, while $XRP price fell 0.92% to $0.601.

$DOGE and $SHIB Price Analysis

$DOGE and $SHIB also saw significant price drops, down 3.25% and 2.43%, respectively.

Meme Coin Sector Sees Surprising Gains

$BOME rallied 11% to $0.01056, outperforming other meme coins. $MOG price surged 11.06% to $0.000002112, while $BSV price jumped 10.54% to $52.39.

Crypto Losers Today

$POPCAT price cracked 13.15% to $0.7491, leading the list of crypto losers. $JUP price tumbled 8.54% to $1.08, followed by $TAO price, which fell 6.81% to $2.34.