The crypto prices today raise alarming concerns with the release of U.S. jobs data sparking volatility. BTC, ETH, SOL, & XRP crack 4%-7%, while market awaits recovery.
Crypto Prices Today (September 7): The broader market witnessed a price crash as U.S. jobs data and recession fears sparked volatility. Bitcoin (BTC) price sunk to the $53k level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices slipped 4-7%. The global market cap noted a nearly 5% decline in value to $1.90 trillion today. However, the market volume surged 54.81% to $98.3 billion, stirring investor speculations.
Here’s a brief collection of some of the top cryptocurrencies by market cap and their price movements today, September 7.
Crypto Prices Today: BTC, ETH, SOL, & XRP Prices Tank
Notably, the major crypto prices today witnessed a price crash as U.S. nonfarm payroll data sparked concerns among market watchers. The latest data shows that the U.S. added lesser jobs than Wall Street expectations. Moreover, the unemployment rate remains unchanged at 4.2%. This data echoed market concerns, with even the S&P 500 falling nearly 2% today following the jobs data release.
Simultaneously, the crypto market crashed in sync with broader market events.
Bitcoin Price Today
BTC price today plunged slightly over 5% and is currently trading at $53,834. The coin’s intraday lows and highs were recorded as $52,598.70 and $56,976.11, respectively.
This slumping movement primarily aligns with a bearish market sentiment mirroring the jobs data, as mentioned above. Additionally, the U.S. spot Bitcoin ETFs recorded $169.97 million in outflows as of September 6.
However, a positive sentiment for the future movement persists as BTC is set to witness increased adoption with Venezuela’s plans to add BTC to its national reserves. Bitcoin’s dominance stood at 55.92%, a remarkable 0.29% decline from yesterday.
Ethereum Price Today
ETH price tanked nearly 7% in the past 24 hours and is currently trading at $2,238. Its 24-hour low and high were $2,150.86 and $2,405.98, respectively.
Spot Ethereum ETFs recorded nearly $5.98 million in outflows, per Soso Value data, aligning with the price fall. Meanwhile, investment management giant VanEck revealed that it is ceasing and liquidating its Ethereum ETF futures (EFUT).
Additionally, Ethereum’s market cap today rested at $269.31 billion. The coin’s 24-hour trading volume stood at $25.69 billion.
Solana Price Today
The crypto SOL’s price cracked slightly above 4% in the past 24 hours and is currently trading at $125. The coin’s intraday low and high are $121.06 and $134.17, respectively. Solana’s market cap rested at $58.57 billion today.
XRP Price Today
Simultaneously, XRP price waned nearly 4% in the past 24 hours and is currently trading at $0.5224. The coin’s intraday low and high were recorded as $0.5059 and $0.5463, respectively.
that Ripple moved 100 million XRP amid SEC hinting at an appeal in the XRP lawsuit. This was accompanied by other whale massive transactions. These massive transactions have added a layer of intrigue to the coin’s future price movements.
Meme Coins Prices Today
Similarly, mirroring the broader trend, Dogecoin (DOGE) price slipped nearly 7% to trade at $0.09207. Further, Shiba Inu (SHIB) price dipped roughly 4% to $0.00001277.
Also, Pepe coin (PEPE), dogwifhat (WIF), and FLOKI slipped 2%-6% in the past 24 hours.
To read article in Arabic, please visit the website Crypto Mena
Risk Disclaimer
Although Sponsored Trading can be profitable, it is associated with a significant risk of losing your investment. The risks will increase when trading on margin companies. Traders must exercise due diligence and be careful when making their trading decisions. It is the sole responsibility of the Trader to learn and acquire the knowledge and experience required to use the Trading Platform and anything that will be required to trade properl
