Crypto Price Today: Bitcoin, Ether Prices Drop as Cryptocurrencies Continue to Be

There seems to be no rest for the crypto sector as most cryptocurrencies continue to record losses on their price charts. Bitcoin fell by around 1.37% on Wednesday, July 3rd. On foreign exchanges such as CoinMarketCap, BTC is trading at $60,827 (approximately Rs. 5.07 million), down $810 (approximately Rs. 67,638) from then. Bitcoin entered the trading arena earlier this week. Meanwhile, Indian exchanges such as CoinSwitch and WazirX reported a Bitcoin price of $66,332 (approximately Rs. 55.3 million) on Wednesday.

“Crypto markets fall on better-than-expected US jobs data, weak BTC, ETF inflows currently outperforming on ETF hype, and Bitcoin could fall further,” CoinDCX Market Desk told Gadgets360.

According to crypto price tracker Gadgets360, Ether lost along with Bitcoin on Wednesday. At the time of writing, ETH was trading at $3,353 (approximately Rs. 280,000) on international exchanges, while the asset’s price on Indian exchanges was $3,616 (approximately Rs. 3,020,000).

After “ETH” recently hit a high of $4,093 (approximately Rs. 3,410,000), trading began in a “bearish” pattern with the asset falling by around 31%. ETH broke out of the pattern and rose to $3,977 (approximately Rs. 3.32 lakh). However, the bulls failed to break the psychological level of $4,000 (roughly Rs. 3.34 billion) and the asset fell to $3,240 (roughly Rs. 2.7 billion) due to profit-taking. ZebPay Trade Desk told Gadgets360.

In addition to Bitcoin and Ethereum, most cryptocurrencies were in the red on Wednesday’s price charts.

Tether, Ripple, Dogecoin, Avalanche, Shiba Inu and Polkadot recorded losses.

Other altcoins that recorded losses include Litecoin, Polygon, Stellar, Cosmos and Kronos.

According to CoinMarketCap, the total value of the digital currency market fell by 2.76% in the last 24 hours. The current value of this sector is $2.26 trillion (approximately Rs. 1,892,222.17 billion).

Only a handful of cryptocurrencies were up on Wednesday. These include Solana, Cardano, Tron, Chainlink, Near Protocol and Leo.

Among altcoins, Solana appears to be a strong performer alongside the growth of Telegram-backed Solana, as VanEck recently filed an ETF alongside one of the popular meme coin creation protocols, CoinSwitch Market Desk told Gadgets360, namely Ethereum. Solana is currently trading at $12,210 (approximately Rs. 1 million) on foreign exchanges and $13,251 (approximately Rs. 1.1 million) on Indian exchanges.

The enthusiasm for ETH and SOL ETFs in the US and Canada could also be a factor in volatility in the global cryptocurrency sector.

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