Markets
BTC rebounds to near $57,000, propelling cryptocurrency market higher
Cryptocurrency prices have rebounded significantly after a recent bearish trend. Bitcoin (BTC) price hit the $58,000 mark over the past day, while major cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP have mimicked upward momentum.
The global cryptocurrency market capitalization increased by 3.13% to $2.08 trillion today. At the same time, the total cryptocurrency market volume jumped by 44.79% to $89.96 billion.
So here is a look at some of the major cryptocurrencies and their price movements today, July 9.
Best Cryptocurrency Prices Today
Bitcoin Price
BTC Price Bitcoin price is up 3.53% from yesterday, trading 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 decreased by 0.43% to 54.54% today, suggesting a potential shift to the broader altcoin market. BTC’s market cap stands at $1.12 trillion.
Ethereum Price
ETH price increased by 5.90% over the past day to trade at $3,051.78. Its 24-hour lows and highs were recorded at $2,877.20 and $3,090.66, respectively.
Following the optimism surrounding the upcoming launch of ETH ETFs, Grayscale Investments recently announced the initial issuance and distribution dates for its new ETFs. Grayscale Ethereum Mini Trust actions. In the meantime, 21Shares has filed an updated Form S-1 amendment for a ETH Spot ETF.
Solana Price
The crypto GROUND Solana stock price has seen a significant increase of 6.92% over the past day to reach $140.06. Solana’s 24-hour lows and highs were recorded at $130.07 and $141.63, respectively.
It is worth mentioning that Cboe has filed Forms 19b-4 for the spot Solana Exchange Traded Fund (ETF) on behalf of 21Shares and VanEck, a glimmer of hope for future tokenomics.
XRP Price
The Ripple Labs-backed asset saw a 4.57% price increase to $0.4334. XRP Daily lows and highs were recorded at $0.4142 and $0.4421 respectively.
DOGE & SHIB Price
Dogecoin saw a 0.13% increase in value to trade at $0.1081 today, while Shiba Inu saw a 5.62% increase to $0.00001641.
BONK and PEPE emerged among the list of top cryptocurrency gainers, posting impressive gains.
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Top Cryptocurrency Gainers Today
Celestia (TIA) price increased by 20.28% to $6.18.
Bonk (BONK) price jumped 19.49% to $0.00002494.
Pepe coin (PEPE) climbed 13.08% to $0.000009383.
Ethena (ENA) price gained 12.62% to $0.4076.
The Biggest Cryptocurrency Losers Today
JasmyCoin (JASMY) price fell 3.21% to $0.02279.
Avalanche (AVAX) price fell 0.99% to $25.29.
Tether Gold (XAUt) price slipped 0.78% to $2,365.60.
Additionally, the hourly charts illustrate that BTC and ETH have hit some hurdles, which could lead to potential turbulence ahead.
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