Bitcoin (BTC) price broke out of a lower timeframe consolidation that had been since last week on Monday and gave a push to the downside with strong momentum. At the time, the price was trading sideways between $108,892 and $106,342. After the breakout, the market dipped down to $105,113 before changing structure to the upside.
Currently, the price is trading for $107,909, according to CoinMarketCap. This is just a 1.30% surge in the last 24 hours from a daily low of $105,333, with a trading volume of just over $46 billion. Bitcoin dominance over the overall market is above 64% with a market cap of $2.14%. In short, the market is seeing a little bit of action that is currently in the bulls’ favour.
XRP and SOL Shares Bitcoin Price Action
Ripple’s XRP seems to have similar price actions to Bitcoin. However, it’s still ranging sideways between the resistance level at $2.6 and the support level at $1.9. It recently retested the support zone on June 22, but was rejected to the upside. Currently, the price action on the lower time frame is forming a bullish flag pattern, which suggests a rally might be coming soon.
At the time of writing, the XRP is trading for $2.21, up by 0.73% over the last 24 hours. Its performance on trading activity has dropped massively, with a 39% drop recorded over the same 24-hour period, with a market cap
Solana (SOL) saw the best price action so far as it recorded a 2% surge day from an intraday low of $145. The price is currently holding steady at $150.17 with a 2.21% increase in market capitalization of over $80 billion. However, trading activity does not look good; the trading volume dropped by 43% to $3.01 billion over the same period.
Trending Cryptos Today
- Humanity Protocol (H)
- Pudgy Penguins (PENGU)
- Portal (PORTAL)
- NEM (XEM)
- Bitcoin (BTC)
Top Gainers & Losers Today
| Gainers | Losers |
| Celestia (TIA): +6.66% | JasmyCoin (JASMY): -6.17% |
| Sonic (S): +5.82% | FartCoin (FARTCOIN): -4.06% |
| SPX6900 (SPX) +5.53% | Flare (FLR): -3.59% |
| Virtual Protocol (VIRTUAL): +5.33% | Algorand (ALGO): -3.49% |
Crypto Market Cap Overview
Interestingly, despite the market being steady, the overall crypto valuation did see a noticeable surge of 2.58% in capitalization. At the time of writing, the market is valued at $3.33 trillion, thanks to the pickup in trading activities, which recorded $10038 billion in trading volume, according to CoinMarketCap.
Meanwhile, a lot of traders were liquidated in the past 24 hours. About 93,778 traders of them, according to data from Coinglass, with overall liquidations hitting $221 million.
Out of the total liquidations, $109.76 million was from long positions, while shorts made up $111.24 million. Interestingly, Bitcoin (BTC) led the charts with $65.02 million in liquidations, followed by Ethereum (ETH) at $50.10 million, and other altcoins like SOL, XRP seeing significant rekt activity as well.
Also Read: Crypto Highlights: Top Gainers and Losers on CoinMarketCap Today
