Crypto Prices Update July 8: Bitcoin Drops to $55K, Altcoins Face Bearish Trend

Crypto Prices Update July 8: Bitcoin Drops to $55K, Altcoins Face Bearish Trend

Crypto prices have recovered adverse market momentum today, following significant advances in recent days. Bitcoin (BTC) fell to $55K, while Ethereum (ETH), Solana (SOL), XRP, and the larger market also saw price declines.

The global crypto market cap fell 5.19% to $2.01 trillion today. However, overall cryptocurrency market volume climbed 17.71% yesterday to $64.19 billion, causing speculation.

Related articles

Here’s a quick look at some of the largest cryptocurrencies and their price changes today, July 8.


Top cryptocurrency prices today

Bitcoin Price:

BTC has dropped 4.99% in the last 24 hours, closing at $55,122.17. The token’s 24-hour low and high were $54,321.02 and $57,971.83, respectively.

Today, Bitcoin’s dominance increased by 0.07% to 53.85%, highlighting the altcoin sector’s slow performance. As of this writing, the leading cryptocurrency’s market capitalization was $1.09 trillion.

Notwithstanding this slump, Japan’s Metaplanet has scooped more significant sums of BTC, giving hope for future price moves.


Ethereum prices as of July 8.

Meanwhile, the ETH price chart indicated a retreat, sliding 5.62% to $2,880.37 today. The 24-hour lows and highs were $2,826.48 and $3,051.20, respectively.

It’s worth mentioning that the expectation of more muscular price movements grows as spot ETH ETFs prepare to start soon. Furthermore, Ethereum scarcity has increased, with on-chain data indicating that ETH accumulations outweigh BTC accumulations.

Prices for Solana on July 8.

The cryptocurrency SOL fell by 7.97% to $130.79. Solana’s 24-hour low and high were $128.56 and $142.12, indicating an extremely volatile movement.

Crypto SOL price on July 8

Crypto XRP Price

XRP’s price fell 6.50% to $0.415 over the last day. The 24-hour lows and highs were $0.4047 and $0.4448, respectively.

DOGE and SHIB Prices

Dogecoin’s price fell 8.75% to $0.1021 today. Shiba Inu’s price fell 8.70% to $0.00001547, which aligns with the overall market trend.

Even the cryptocurrency PEPE, FLOKI, and BONK values were down 9%-14% at press time.

Interestingly, this bearish market trend has resulted in no top gainers for the day. Meanwhile, the top losers are listed below.

Top Crypto Losers Today

Brett’s (BRETT) price fell 15.36% to $0.1073.

Pepe coin’s (PEPE) price fell 14% to $0.000008213.

Dogwifhat’s (WIF) price plummeted 13.48% to $1.60.

Jupiter’s (JUP) price fell 12.03% to $0.6793.


Furthermore, hourly time frame data showed that BTC and ETH had small rises, with most tokens following suit. Crypto market aficionados closely monitor the tokens for future price movements.

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

Sign Up for Our Newsletter!


Next Steps: Sync an Email Add-On

To get the most out of your form, we suggest that you sync this form with an email add-on. To learn more about your email add-on options, visit the following page ( Important: Delete this tip before you publish the form.

Related Posts