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.
Bitcoin (BTC) Price Chart | Source: CoinMarketCap
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
XRP price chart. Source: CoinMarketCap
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 data .
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.
