The cryptocurrency market traded under pressure on July 8, with Bitcoin, Ethereum and most major altcoins extending their intraday declines. Despite today's weakness, several digital assets continued to post positive weekly gains, indicating that recent bullish momentum has not been completely erased.
Key Highlights
- Bitcoin fell 0.44% to $63,032, with its market capitalization standing at $1.27 trillion.
- Ethereum (Ether) declined 0.39% to $1,761.38.
- Solana dropped 1.67%, while Cardano lost 1.28%.
- XRP slipped 0.71%, and BNB eased 0.93%.
- Avalanche emerged as the worst performer among major cryptocurrencies, plunging 4.01%.
- Polygon (+0.04%), Cosmos (+0.13%), and Uniswap (+0.57%) were among the few tokens trading in positive territory.
Market Snapshot
| Cryptocurrency | Price | Daily Change |
|---|---|---|
| Bitcoin | $63,032 | -0.44% |
| Ethereum | $1,761.38 | -0.39% |
| BNB | $571.80 | -0.93% |
| Solana | $79.24 | -1.67% |
| XRP | $1.10 | -0.71% |
| Cardano | $0.172 | -1.28% |
| Avalanche | $6.42 | -4.01% |
| Uniswap | $3.21 | +0.57% |
Weekly Momentum
Despite today's broad-based decline, several cryptocurrencies remain in positive territory over the past week:
- Uniswap: +14.96%
- Cardano: +11.55%
- Ethereum: +9.52%
- Polygon: +8.04%
- Bitcoin: +5.05%
Trend Watch
The crypto market is witnessing profit booking after a strong weekly rally, with investors trimming positions across large-cap tokens. While the short-term trend remains positive for several assets on a weekly basis, most major cryptocurrencies continue to trade significantly below their year-ago levels, highlighting the sector's ongoing volatility.
