Bitcoin Slips to $60K Amid Crypto Market Downturn; QNT Among Top Gainers

• Today, the crypto market witnessed another bearish trading session.
• Top cryptocurrencies like Bitcoin, Ethereum, Solana, and XRP faced downward pressure.
• Quant (QNT) emerged as one of the top gainers for the day.

Get up-to-date insights on today’s crypto market trends and movements. Learn about the price actions of major cryptocurrencies and standout performers.

Major Development: Bitcoin Price Drops to $60K

Bitcoin (BTC), the flagship cryptocurrency, saw its price drop to $60,644.16 today, marking a decrease of 1.82% over the past 24 hours. This decline is attributed to the recent $9.4 million outflows in BTC ETFs, which halted the trend of inflows observed over the previous three days. During the day, BTC’s price fluctuated between lows of $59,985.40 and highs of $61,768.43, with its market dominance slightly increasing to 53.12%.

Altcoins Follow Suit: Ethereum and Solana Prices Drop

Ethereum (ETH) and Solana (SOL) also experienced significant declines. ETH’s price fell by 2.21% to trade at $3,379.78, with its price fluctuating between $3,363.44 and $3,467.83. Despite the anticipation around the imminent launch of ETH ETFs, the token has not gained any forward momentum.

Meanwhile, Solana (SOL) observed a 3.73% drop, settling at a trading price of $141.58. SOL’s daily price range saw lows of $139.31 and highs of $147.40.

XRP, DOGE, and SHIB: Mixed Reactions in the Market

XRP exhibited a volatile trading session, managing to fluctuate between negative and positive territories. The token settled at $0.4739, marking a modest decline of 0.33% over the past 24 hours. Its daily price range was recorded between $0.4703 and $0.4802.

The meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), both echoed the broader market’s bearish motion. DOGE fell by 2.21% to $0.1237, while SHIB mirrored this decline, falling to $0.00001705. Other meme coins, including PEPE, WIF, and BONK, followed suit with declines ranging from 1-7%.

Standout Performers: Top Gainers Today

Quant (QNT) was among the top gainers, rising by 7.92% to reach $78.82. Other significant gainers include Mog Coin (MOG), which increased by 6.01% to $0.000001903, Arweave (AR) with a 4.06% rise to $27.18, and Injective (INJ), which climbed by 2.87% to $23.67.

Significant Declines: Top Losers Today

Lido DAO (LDO) experienced the most significant dip, falling by 14.99% to $2. Ethena (ENA) followed, with an 8.45% decrease to $0.5187, Starknet (STRK) dropped by 7.40% to $0.6621, and Gnosis (GNO) saw a 6.91% pullback to $277.85.

Conclusion

The crypto market today has been overwhelmingly bearish, with major cryptocurrencies like Bitcoin, Ethereum, Solana, and XRP all experiencing downward trends. While some tokens like Quant (QNT) stood out as gainers, the overall market sentiment remains cautious. Investors are advised to monitor market activity closely for potential future shifts in price movements and market dynamics.