Key Points
- With BTC gaining momentum, it’s now changing hands at $62K.
- Bitcoin gains in altcoins ETH, DOGE, SOL, and SHIB.
- Meme coins of the day PEPE & WIF top performers.
- The global crypto market has increased by 2.18% to reach 2.29 trillion USD.
Bitcoin and Altcoins Rally
Once again Bitcoin (BTC) has proven its upper hand in the market by recapturing its momentum and hitting briefly above $62K. This rise follows a period of dull trading caused mostly by macroeconomic developments including ETF outflows.
On June 25 for instance, BTC ETFs witnessed net inflows totaling about $31m which played a big role in boosting the recent price surge of the premier cryptocurrency.
As of today, Bitcoin is currently trading at $61,953.38 with an increase of 1.01% over the last 24 hours. It had a high-low range during that time was between $60,626.97 and $62,466.32.The dominance has moved slightly up to 53.42%.
The bigger crypto market also indicates that Bitcoin is doing well. The total value of all cryptocurrencies globally rose by 2.18% to reach 2.29trillion dollars though volume traded within the past twenty-four hours declined by almost thirty percentage points signaling a possible consolidation phase.
Ethereum (ETH) has continued its slight gain following the suit of bitcoin posting a positive shift of 0-42% to stand at$3391-97. The highest low and high range for ETH was recorded over twenty-four hours at $3,346;79 -$3424-58 with Market Cap standing at406-86 billion.
Solana (SOL), on the other hand, rose up higher gaining 1.42% to go as high as $138.35 while the low-high range during this period was from $133.57 to $140.21 of Solana. Reversely, Dogecoin (DOGE) and Shiba Inu (SHIB) too inched up some notches with DOGE which went up by 2.79% at 0-1273 dollars and SHIB rising at 1-83% to reach$000001787.
Interestingly enough, the meme coins Pepe coin (PEPE) and dogfight (WIF) were top gainers on today’s trading day.PEPE increased by 12.59% to stand at$0.00001312 while WIF gained by 9.67 percent at $2.08.
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Crypto Prices Today June 26: Bitcoin Regains Momentum To $62K, Altcoins Lead Market Rally
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Altcoins Show Mixed Performance
However, not all altcoins have been following suit in this overall positive trend seen today such as XRP which has shed off 0-71% to trade at$04753with the lowest and highest throughout the twenty-four hours timeframe being $.4735and$.4795 respectively. This decline is said to be due to significant whale dumps onto centralized exchanges (CEXs) according to Whale Alert.
The leading altcoin gainers for the day include Brett (BRETT), which grew by 18-03 % hitting $0-1699, and Notcoin (NOT), rallying by 11-78 % closing at $0-01613. However other altcoins underwent declines whereby Pendle fell back by5.65percent i.e.$5.70 whereas LayerZero dipped slightly going down by only 5.14 percent thus fixing its price point at$2.73.
Fantom lost 4-47 percent value changing hands at only $58893 whereas Worldcoin depreciated 3-14 percent worth now trading at less than three dollars per token ($287).
The hourly charts for both BTC and ETH display highly volatile movement pointing to short-term price swings. Altcoins’ charts also show diminishing movements, which have sparked speculations throughout the market concerning the next way forward.
Today is characterized by significant Bitcoin and major altcoin rallies as well as meme coin performances in the crypto market. Hence, investors and traders should watch out for more developments in this space with potential price corrections to follow suit.
