Today, the cryptocurrency market presents a complex picture; Bitcoin fell to almost $64,000. Although altcoins follow a similar trend, some manage to maintain their strength. In particular, XRP is showing significant resistance, breaking through the 0.6% resistance level.
Bitcoin and Major Altcoins Are in Decline
Bitcoin (BTC) has experienced significant volatility and dropped to $64,813.21, a decrease of 1.33% in the last 24 hours. This decline is attributed to lower inflows into spot Bitcoin ETFs; According to Soso Value, there was an inflow of $53.35 million as of July 17. The lowest and highest values of Bitcoin in the last 24 hours were determined as $ 63,896.09 and $ 65,994.60 respectively.
Ethereum and Solana Are Moving on the Same Path
Ethereum (ETH) fell 1.62% to $3,428.72, following the market-wide decline. It hit a low of $3,379.10 and a high of $3,515.54 in the 24-hour trading range. Similarly, Solana (SOL) is trading slightly lower, down 1.14% to $159.11; Its daily range varied between $155.07 and $163.58.
XRP Shows Resistance
Despite the market's overall decline, XRP has shown remarkable resilience, reaching $0.6085 and gaining 2.64% in the last 24 hours. XRP managed to break the $0.6 resistance level; The 24-hour lowest and highest values were recorded as $0.5859 and $0.6366, respectively. Ripple's expectations of a possible agreement with the SEC may be behind this positive move.
Meme Coins and Less Known Tokens
Among meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB) declined. While DOGE decreased by 1.82% to $0.1233, SHIB decreased by 3.48% to 0.00001887. Other lesser-known tokens also followed this bear trend, with Brett (BRETT) losing 5.74% and Mog Coin (MOG) losing 5.57%.
Top Earners Show Positivity
Despite the overall market decline, some altcoins stood out as winners. Internet Computer Protocol (ICP) increased by 6.08% to $10.15, and Lido DAO (LDO) increased by 6.05% to $1.98. Other notable gainers include THORChain (RUNE), up 5% to $4.38, and Neo (NEO), up 4.82% to $11.94.
Market Outlook and Projections
Despite recent declines, hourly time frame charts show a slight sign of optimism; BTC and ETH are following an upward trend, with increases of 0.22% and 0.16% respectively. This positive move could signal a potential recovery in the short term and create cautious optimism among investors.
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