Crypto Market Update: Bitcoin Holds Steady, Solana Gains
The current state of the cryptocurrency market, including updates on Bitcoin, Solana, and eCash.
Overview:
The cryptocurrency market is confronting steamy conditions today. Bitcoin is holding steady at around $31,180.70 as of 7:40 a.m. (EST), after hitting roughly $31,480 earlier in the day. This level has not been seen since early June of last year. More positive news from BlackRock, the largest money manager, appears to have provided a boost to BTC, which has gained 2.4% in the past 24 hours.
In other news, Solana is one to watch. The Ethereum rival’s native SOL is scorching on earth’s hottest-ever day, relatively speaking. SOL has gained 7.6% since this time yesterday, compared to ETH, which rose only 1%.
Recent News Affecting the Crypto Market:
Recent news affecting the crypto market includes positive comments from BlackRock’s top executive about crypto. Additionally, eCash (formerly known as Bitcoin Cash ABC) has seen a surge in value, up 65% in the past seven days. The eCash chain was spawned from Bitcoin Cash, an offshoot of Bitcoin. Its native BCHA coin was rechristened XEC and redenominated on a 1 to 1,000,000 ratio. As of Thursday, July 6 at 8:08 a.m. (EST), XEC stood at $0.00003790.
Bitcoin Price Today:
According to CoinMarketCap, the price of Bitcoin today is $30,477.31, with a market cap of $591,681,331,360 and a volume of $11,703,878,952 in the past 24 hours.
Global Crypto Market Today:
The global crypto market cap today is $1.22T with a 0.92% increase over the last day. Bitcoin dominance stands at 47.95% with a market cap of $605 Billion. Meanwhile, Stablecoins’ market cap is at $129 Billion and has a 10.2% share of the total crypto market cap.
Here is a table with today’s Top 3 Crypto Gainers and Losers:
| Rank | Cryptocurrency | Price | 24h % Change | Market Cap |
|---|---|---|---|---|
| 1 | eCash (XEC) | $0.03568 | 16.44% | $213,946,192 |
| 2 | Frax Share (FXS) | $6.84 | 8.70% | $55,076,585 |
| 3 | Bitcoin Cash (BCH) | $284.87 | 8.65% | $1,508,273,537 |
| 4 | APIX (APIX) | $0.007952 | -23.75% | $1.62 million |
| 5 | Augur (REP) | $3.506 | -21.09% | $10.62 million |
| 6 | Verge (XVG) | $0.002637 | -19.57% | $43.54 million |