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
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?
