Markets
BTC Jumps Near $57K, Boosting Crypto Market Rally
Cryptocurrency prices have recovered considerably from a recent downtrend today. Bitcoin (BTC) price has surged to the $58,000 mark over the past day, while major cryptocurrencies such as Ethereum (ETH), Solana (SOL) and XRP have followed suit with upward momentum.
The global crypto market cap saw a 3.13% increase to $2.08 trillion today. Meanwhile, the total crypto market volume increased by 44.79% to $89.96 billion.
So, here is an overview of some of the top cryptocurrencies and their price movements today, July 9th.
Best Cryptocurrency Prices Today
Bitcoin Price
BTC Price saw a 3.53% surge in value yesterday to trade at $56,895.42 at press time. The flagship cryptocurrency’s 24-hour lows and highs were $54,891.63 and $58,131.34, respectively.
Bitcoin’s market dominance saw a 0.43% drop to 54.54% today, suggesting a potential shift towards the broader altcoin market. BTC’s market cap stood at $1.12 trillion.
Ethereum Price
ETH price has increased by 5.90% in the last day to trade at $3,051.78. Its 24-hour lows and highs were recorded as $2,877.20 and $3,090.66, respectively.
On the heels of optimism generated by the upcoming launch of ETH ETFs, Grayscale Investments recently announced the dates for the initial issuance and distribution of its new Grayscale Ethereum Mini Trust shares. Meanwhile, 21Shares has filed an updated Form S-1 amendment for a ETH ETF in sight.
Solana Price
The encryption SUN saw a significant increase of 6.92% in the last day to reach $140.06. Solana’s 24-hour lows and highs were recorded as $130.07 and $141.63, respectively.
It is worth mentioning that Cboe has filed 19b-4 forms for spot Solana ETF on behalf of 21Shares and VanEck, bringing hope for the future of tokenomics.
XRP Price
The Ripple Labs-backed asset saw a 4.57% increase in price to $0.4334. XRPs the daily lows and highs were recorded as $0.4142 and $0.4421, respectively.
DOGE and SHIB Prices
Dogecoin saw a 0.13% increase in value, trading at $0.1081 today, while Shiba Inu saw a 5.62% increase to $0.00001641.
BONK and PEPE emerged among the top gaining cryptocurrencies, showing impressive gains.
Read too: BONK Price Surges 10% as Treasury Proposes Burning 84 Billion Tokens
Top Cryptocurrency Gainers Today
Celestia (TIA) price is up 20.28% to $6.18.
Bonk (BONK) price is up 19.49% to $0.00002494.
Pepe coin (PEPE) is up 13.08% to $0.000009383.
Ethena (ENA) price is up 12.62% to $0.4076.
Biggest Crypto Losers Today
JasmyCoin (JASMY) price dropped 3.21% to $0.02279.
Avalanche (AVAX) price fell 0.99% to $25.29.
The price of Tether Gold (XAUt) fell 0.78% to $2,365.60.
Furthermore, the hourly charts illustrate that BTC and ETH have encountered obstacles, which could result in potential turbulence in the future.
Read too: Solana Memecoin WATER Jumps 23% as Lionel Messi Raises Awareness on Instagram