Cryptocurrency Market Report: Bitcoin, Ethereum, and Solana Prices Dip, XRP Shows Resilience – July 18
The crypto market experienced a bearish turn today, with Bitcoin (BTC) leading the downward trend as it retreated to trade at the $64K level. Ethereum (ETH) and Solana (SOL) also followed suit, while XRP managed to stay in the green zone despite the broader market trend.
The global crypto market cap saw a 1% decline to $2.37 trillion, with the total crypto volume dropping by 21.17% to $77.19 billion over the past day.
Here’s a summary of the top cryptocurrencies and their price movements on July 18:
Bitcoin Price:
BTC price faced volatility due to low inflows in spot Bitcoin ETFs, with a 1.33% decrease to $64,813.21 in the past 24 hours. Bitcoin’s dominance also saw a slight decline to 53.89%.
Ethereum Price:
ETH price dipped 1.62% to $3,428.72, in line with the broader market trend. Grayscale’s announcement of a 2.5% fee for ETH ETF sparked discussions among market participants.
Solana Price:
SOL price fell by 1.14% to $159.11, with 24-hour lows and highs at $155.07 and $163.58, respectively.
XRP Price:
XRP price showed resilience, trading at $0.6085, up 2.64% over the past day. Speculations about a Ripple SEC settlement contributed to its positive performance.
Meme Coins:
Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe coin all saw declines in their prices today.
Top Crypto Gainers:
Internet Computer Protocol (ICP), Lido DAO (LDO), THORChain (RUNE), and Neo (NEO) were among the top gainers today.
Top Crypto Losers:
Brett (BRETT), Mog Coin (MOG), Akash Network (AKT), and Maker (MKR) experienced price decreases.
Despite the bearish trend, hourly charts indicated an upside movement for BTC and ETH, sparking optimism among investors for the future of crypto prices.
