Today’s crypto prices saw a trading session primarily in the red territory, with Ethereum (ETH), Solana (SOL), and XRP experiencing waning price trajectories. However, Bitcoin (BTC) maintained its break above the $71K mark, whereas Toncoin (TON) emerged among the day’s top gainers.

The global crypto market cap saw a significant dip of 1.05% to $2.62 trillion, followed by a total crypto market volume decline of 9.09% to $74.9 billion. This overall market decline is reflected in majority of the crypto prices, although some appear to have defied the broader trend as well.

Here’s a report on some of the top cryptos and their price movements today, June 7.

Top Crypto Prices Today

Bitcoin price

After a remarkable break above the $71K mark, BTC price briefly slipped to the $70K mark today. This slight tumbled movement falls in line with the broader market’s trend, although Bitcoin ETFs recorded $217.7 million in net inflows on June 6, per data by Farside Investors. Aligning with this, the token again topped $71K, reaching $71,142.90, gaining 0.22% over the past day.

BTC’s 24-hour lows and highs are $70,119.12 and $71,625.74, respectively. Meanwhile, Bitcoin’s dominance today was 53.24%, an increase of 0.21% from yesterday.

Ethereum Price

ETH price dipped 1.57% in the past 24 hours to $3,804.81. The crypto’s 24-hour bottoms and peaks are $3,761.78 and $3,865.93, respectively. Despite a phenomenal surge in the daily active users on the Ethereum ecosystem post-ETF approval, the token has yet to witness a significant upside momentum.

Solana Price

Whereas, after leaving behind the $170 mark yesterday, SOL price tumbled 2.02% in the past 24 hours to $170.47. Solana’s 24-hour lows and highs are $167.86 and $173.90, respectively.

XRP Price

The Ripple Labs-backed cryptocurrency followed the broader market’s trend, falling 0.68% to $0.5223. Its 24-hour bottoms and tops are $0.5175 and $0.5276, respectively.

A slip below the crucial support of $0.52 has kept investors on their toes, although XRP price has maintained a position above $0.52.

DOGE & SHIB Prices

DOGE price declined 1.01% to $0.1609 over the past day, whereas SHIB price dipped 2.99% to $0.00002511 during the same period.

The prices of the top meme coins, PEPE, WIF, and BONK, slipped 5-6%. However, FLOKI was up 0.93%.

Top Crypto Gainers Today

Wormhole (W) surged 11.93% to $0.7.
Toncoin (TON) rallied 5.62% to $7.63.
Injective (INJ) was up 5.83% to $28.
Flare (FLR) jumped 5.04% to $0.02995.

Also Read: BRETT v PEPE: Where Will Short-Term Inflows Accumulate?

Top Cryptos Losers Today

Bitget Token (BGB) fell 8.27% to $1.21.
Beam (BEAM) slipped 7.56% to $0.02557.
Fetch.ai (FET) decreased 7.21% to $2.01.
Bonk (BONK) plunged 6.88% to $0.00003146.

In the interim, hourly time frame charts illustrated that BTC jumped 0.48%, whereas ETH, SOL, and XRP followed the upside momentum.

Also Read: Crypto Scam: NYAG Lock Horns With Firms With $1B Fraud Stint

The post Crypto Prices Today June 7: Bitcoin Holds Above $71K, Altcoins Tumble While TON Soars appeared first on CoinGape.

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Filed under: News - @ June 7, 2024 4:38 am