The crypto prices today have lost all the gains they managed to accrue on July 30. The majority of the tokens started the week on an uptrend, sending the prices to new weekly highs. However, the momentum looks to have faded as most of the coins are now trading in red.
Notably, some recent events have catalyzed the current downtrend including the recent BTC transfer by the United States government. Coinfomania previously reported that about 29,800 BTC was sent by the US government from Silk Road. This increased the selling pressure on the flagship cryptocurrency hence the recent crash. The BTC price has declined to $66k and ETH has failed to break past the $3.4 mark. At press time, the crypto market has lost 3.37% of its value to rest at $2.4 trillion.
Top Crypto Prices Update
The BTC price has shown high volatility over the last 24 hours. After briefly flirting with the $70k mark, it has seen almost $4k slashed from its price. Also, the selling pressure might heighten as Mt. Gox prepares to move the remaining 80k BTC left in its wallet in line with its rehabilitation creditor repayments. At the time of writing, Bitcoin traded at $66,518 representing a 4.45% decline. According to Soso Value data, the total daily total net inflow to Bitcoin ETF as of July 29 is $124.13 million.
Ethereum has mirrored the price movement of BTC. The second-largest cryptocurrency by market cap has failed to reach the $3,400 mark. Instead, it now trades at $3,339, signifying a continuous drop of about 1.02% over the last day. Notably, Ethereum has seen lows and highs of $3,265.99 and $3,387 respectively.
Other Altcoin Prices
The SEC recently amended its lawsuit against the Binance exchange, removing major tokens like Solana, Cardano, and Polygon from the list of alleged securities. However, the effect of this update is yet to be seen on the price of the mentioned tokens. Solana has lost 5.39% of its value to trade at $180.62. What is more, SOL had its bottoms and tops at $179.51 and $192 respectively. In the weekly chart, Solana’s gains have reduced to 2.92% gain.
The price of XRP gained the most among the top 10 cryptocurrencies. Notably, it has enjoyed a 3.86% increase to $0.6332. Interestingly, XRP has traded between $0.5932 and $0.6339 in one day.
Source: CoinMarketCap
The Binance Coin (BNB) price has declined by 3.26% to $573.11, maintaining a bottom and top range of $567.39 and $593. respectively. Also, Toncoin (TON) dropped by 1.88% to $6.63. Its one-day lows and highs were $6.60 and $6.78.
The memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) have declined over the last day. While DOGE saw a notable 3.17% drop, SHIB recorded a downtrend of 2.95%. Hence, DOGE and SHIB are now trading at $0.1288 and $0.00001665 respectively.
Top Trending Gainers Today
Neiro Ethereum (NEIRO) surged by 238.74% to $0.05255
Stader (SD) climbed 15.83% to reach $0.645
BOOK OF MEME (BOME) moved up by 5.62% to $0.0111
Maker (MAKR) gained 4% to $2,835
The crypto market began the week with positive movement. However, 24 hours later the steam has reduced and the majority of the tokens have lost previous gains. While the general market sentiment seems positive, it will be interesting to see how the market will end the week.
The post Crypto Price Update July 30: BTC Slides to $66K, ETH at $3,300, XRP Rallies Amid Global Altcoin Downtrend appeared first on Coinfomania.
