Bitcoin & Solana Flatline While Ethereum Crashes Below $2.6K – July 8 Market Watch
Crypto markets hit the snooze button as Bitcoin and Solana trade sideways—meanwhile, Ethereum takes a 5% nosedive below $2,600. Traders yawn; leverage rats scramble.
Sideways symphony: BTC and SOL cling to tight ranges, neither bulls nor bears claiming dominance. Textbook accumulation or prelude to a breakout? Place your bets.
ETH's ugly Tuesday: The smart contract pioneer tumbles as staking yields compress. 'Ultra-sound money' still searching for its footing—and liquidity.
Wall Street's shadow: Traditional markets dip on Fed whispers, dragging crypto down like an anchor. Correlation or coincidence? (Spoiler: your 'hedge' just became a liability.)
As always, the market giveth and the SEC taketh away—just ask the XRP holders still waiting for their 2021 moonbags to refill.
Ethereum Dips Below $2.6K While SOL Price Holds $150
Ethereum price with an intraday correction of 0.85% has failed to hold its value above its important watch point of $2,600. This has resulted in it losing its dominance to 9.1549% with a market valuation of $306.370 billion.
Solana, on the other hand, managed to hold its value above the $150 mark but recorded a neutral price action over the last 24 hours, suggesting a cool-off phase for the altcoin in the market. Moreover, with a market share of 2.7798%, its valuation stands strong at $81.461 billion.
Trending Cryptos Today
- Bitcoin (BTC)
- Fragmetric (FRAG)
- Ethereum (ETH)
- Viction (VIC)
- Solana (SOL)
Top Gainers & Losers Today
| Gainers | Losers |
| Celestia (TIA): +5.69% | Pudgy Penguins (PENGU): -9.08% |
| Stellar (XLM): +4.78% | Dogwifhat (WIF): -5.66% |
| SPX6900 (SPX): +4.37% | Toncoin (TON): -4.43% |
Crypto Market Cap Overview
The cryptocurrency market starts another week on a slightly bearish note, suggesting a strong presence of bears in the industry. With this, the market capitalization has dropped by 0.67% in 24 hours and is currently at $3.34 trillion. However, its trading volume has increased by 30.75% to $93.7 billion, suggesting increasing buying and selling pressure.
On the other hand, the Fear & Greed index has dropped to 52 from 54 that was recorded on Saturday. By evaluating the present sentiments, the market shows a rising negative influence. Additionally, the Altcoin season index has risen to 28, indicating a transition toward the Altcoin market for the bitcoin season.
In the past 24 hours, a total of 66,663 traders were liquidated with the combined liquidation value coming up to $174.84 million. Of the liquidators, the single largest liquidation order was recorded on the Binance cryptocurrency exchange on ETH/USDT pair. The value of this liquidation was $12.33 million.
Top Crypto Gainers and Losers Today on CoinMarketCap
