Crypto Price Update July 12: BTC Falls to $57K, ETH Below $3,100, XRP and TON Soars, SOL, and DOGE Crash

The crypto market has failed to maintain the little momentum it ignited earlier this week. After exhibiting a marginal rally that saw the price of Bitcoin move close to $60k, it has now taken a different turn pushing the majority of the coins to the red zone.

At the time of writing, the global crypto market cap has declined by 1.46% to $2.11 trillion, notably down from yesterday’s $2.16 trillion. In contrast, the total volume traded in the last 24 hours has surged by 15% to $67.72 billion, with the total stablecoin volume taking up more than 93% of this figure. Consequently, the sentiment surrounding the crypto market, as shown in the crypto fear and greed index, has dropped to ‘extreme fear,’ a low not seen since December 2022. Below is a summary of the top crypto prices today, let’s dive in.

Top Crypto Price Update

The price of Bitcoin (BTC) has declined from yesterday’s $58k, now trading slightly above $57,000. According to CoinMarketCap data, BTC is changing hands at $57,189, representing a 1.92% decline in the last 24 hours. Similarly, the 24-hour trading volume has grown by 14.50% to $28.3 billion with a live market cap of $1.12 trillion.

Leading the altcoin, Ethereum, the second-largest cryptocurrency by market cap, has also seen major drops over the last day. At press time, the price of ETH was down by 1.68% and now trading at $3,076 which is marginally below yesterday’s $3,114. Also, ETH trading volume in the last 24 hours has increased by 12.61% to $15.3 billion with a live market cap of $369 billion. ETH has traded between the lows and highs of $3,062 and $3,195 over the last day.

While the two flagship cryptocurrencies are exhibiting declines, Ripple-backed XRP has positioned as the top gainer among the top 10 largest cryptocurrencies. In the last 24 hours, the price of XRP has surged by an impressive 4.24% to trade at $0.46. With the recent rally, the hopes of breaching the $0.5 mark have been reignited among investors. XRP has also seen a trading volume surge of 42% within the recorded time to $1.2 billion.

Similarly, Toncoin (TON) has enjoyed price growth within the last day. The price of TON is up 2.21% resting at $7.34. Also, its trading volume has skyrocketed by 30.84% to $248 million. Notably, TON has traded within the range of $7.13 and $7.38 over the last day.

Solana (SOL) has seen the most losses among the top 10 cryptocurrencies. The price of SOL has crashed by 4.99% to $135.36. However, its trading volume continues to hit the roof as it jumps by 43% to $2.4 billion.

In the altcoin front, Dogecoin (DOGE) and Shiba Inu (SHIB), the 9th and 13th-largest cryptocurrencies by market cap, are both trading in the red zone today. The price of DOGE has dropped to $0.016, representing a 2.26% decline, and the price of SHIB has dropped by 2.70% to $0.00001603.

Top Trending Gainers Today

On today’s trending list, we have two coins that have shown a remarkable surge over the last day. They include Fofar (FOFAR), and BitDAO (BIT).

The price of FOFAR has skyrocketed by 180% to trade at $0.00004463, with a 24-hour trading volume of $1.8 million and a live market cap of $412.3k. Simultaneously, BIT, the native coin of the decentralized autonomous organization BitDAO, has surged by 115.78% to change hands at $2.86.