Bitcoin Crashes To $53K, Altcoins Plummet In Sync

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.

CoinGape Media yesterday reported 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.

Top Crypto Gainers Prices Today

A few coins defied the broader market trend today, trading in the red territory.

Starknet (STRK)

Starknet price surged nearly 5% in the past 24 hours and is currently trading at $0.4151. The coin’s 24-hour low and high were $0.3798 and $0.4153, respectively.

Sui

SUI price gained nearly 1% and is currently trading at $0.8381. Its intraday low and high were $0.7925 and $0.8863, respectively.

Bonk

Bonk price jumped 0.65% in the past 24 hours and is currently trading at $0.00001500. The coin’s 24-hour low and high were $0.00001514 and $0.00001663, respectively

Top Crypto Losers Prices Today

Lido DAO

LDO price dipped nearly 7% over the past day to trade at $0.9165. The coin’s intraday lows and highs were $0.8829 and $0.9855, respectively.

dYdX (DYDX)

DYDX price cracked 6% to trade at $0.8277. The coin’s 24-hour lows and highs were $0.8067 and $0.8953, respectively.

Also, it’s worth mentioning that DOGE and PEPE emerged among the day’s top losers. Pepe coin price tanked 6% to rest at $0.000006693 today.

Nonetheless, hourly time frame charts sparked investor curiosity over the crypto prices today. BTC gained 0.03%, whereas ETH gained 0.28%, fueling speculations globally.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.