Amid increased market uncertainty, Bitcoin has dipped to $105K today after digesting Monday’s volatility. Following the leader, leading altcoins—including Ethereum, Solana, and XRP—have also declined over 3% from the daily levels.
The broader market sentiment is leaning towards the bearish side today as early trading hours drive a revisit to daily lows for leading cryptocurrencies.
Bitcoin Price Dips to $105K
Bitcoin surged as high as $108,835 earlier today, with it steadily declining now, ahead of the U.S. trading session. Today’s decline is attributed to increasing geopolitical tension due to Israel-Iran conflicts as well as the broader market sell-off.
At the time of writing, Bitcoin is trading near $105,746—down with a decent decline of 0.91% in the past 24 hours. However, the 24-hour trading volume for Bitcoin has surged over 22% to $52.91 billion—as per CoinMarketCap data.
The Ethereum (ETH) price has declined to $2,550 as it takes a sharp 3% drop from the daily high of $2,672 to as low as $2,533—as per market data. The current market trajectory has pulled back ETH, which was on a prime run, surging over 40% since the past month.
Similarly, the XRP price is also seeing a downtrend today as the much-anticipated ruling on the Ripple-SEC lawsuit deadline on June 16 is delayed until August. Those who purchased XRP on this catalyst are now offloading their holdings amid market uncertainty. On a more losing hand, Solana (SOL) price has also declined 3.43% despite positive market sentiment set by the recent spot Solana ETF filings.
Trending Crypto Today
- BTC (Bitcoin)
- ETH (Ethereum)
- AB (AB)
- XRP (XRP)
- LA (Lagrange)
Top Gainers and Losers Today
| Gainers | Losers |
| PENDLE (Pendle): +3% | SPX (SPX6900): -14% |
| BCH (Bitcoin Cash): +3% | IMX (Immutable): -9% |
| XMR (Monero): +2% | ZEC (Zcash): -8% |
Crypto Market Cap Overview
As per CoinMarketCap data, the global crypto market capitalization today sits at $3.29 trillion, amassing a 24-hour trading volume of $130.31 billion. The broader crypto market has lost over $100 billion today in a stiff sell-off.
Also Read: Ethereum Open Interest Nears $40B; Will ETH Price Catch Up?
