Cryptocurrency Market Update July 20: Bitcoin Hits $67K Peak, Surge in Meme Coins

Today, cryptocurrency prices surged with a bullish momentum, sparking enthusiasm among investors in the industry. Bitcoin (BTC) hit a daily peak at $67,000, while alternative coins like Ethereum (ETH), Solana (SOL), and XRP showed strong performance in positive territory. The meme coin sector also witnessed significant gains, with Dogecoin (DOGE), Shiba Inu (SHIB), Pepe coin (PEPE), and others experiencing price increases.

The global crypto market cap saw a 3.48% rise to $2.42 trillion, accompanied by a 19.98% surge in total crypto volume to $83.29 billion.

Taking a closer look at the top cryptocurrencies by market cap and their price movements on July 20:

Bitcoin Price: BTC’s price surged by 4.16% in the last 24 hours, reaching $66,696.60. The crypto’s 24-hour low and high were $63,416.87 and $67,442.64, respectively. Bitcoin’s dominance increased by 0.30% to 54.16%, with a market cap of $1.32 trillion.

Ethereum Price: Ethereum’s price rose by 2.55% to $3,502.42, with 24-hour lows and highs at $3,377.88 and $3,540.59. The crypto’s market cap stood at $420.99 billion.

Solana Price: Solana witnessed a 6.63% increase to trade at $170.73, with 24-hour lows and highs at $159.45 and $171.69. Santiment’s recent report highlighted a potential $200 target for Solana amid a 33% gain since July 4.

XRP Price: XRP recorded a 4.38% gain, settling at $0.5805, with 24-hour lows and highs at $0.5426 and $0.586.

Dogecoin and Shiba Inu Prices: Dogecoin rose by 3.88% to $0.1255, while SHIB jumped 1.26% to $0.00001781. Notably, significant accumulations of SHIB and DOGE were observed by Whale Alert, with 2.7 trillion SHIB and 800 million DOGE acquired by whales in the past day. PEPE price also surged by 4.14% to 0.00001217.

In the category of top gainers today:

– Bonk (BONK) price surged by 21.19% to $0.0000323.
– Mog Coin (MOG) price soared by 17.85% to $0.000002222.
– Arweave (AR) price surged by 14.01% to $33.79.
– Sei (SEI) price jumped by 11.20% to $0.3919.

Among the top losers today were MANTRA (OM), Lido DAO (LDO), Nexo (NEXO), and TRON (TRX), with slight declines in their prices.

Despite minor fluctuations, optimism prevailed in the market as BTC and ETH saw marginal gains. Altcoins generally followed an upward trend, with SOL being the exception, slipping by 0.84% within the hourly timeframe.