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BTC bounces near $57K, propelling crypto market rally
Cryptocurrency prices have bounced back significantly from a recent downtrend today. Bitcoin (BTC) price has surged to the $58K mark over the past day, while major cryptocurrencies such as Ethereum (ETH), Solana (SOL), and XRP have followed suit with upward momentum.
The global cryptocurrency market cap increased by 3.13% to $2.08 trillion today. Meanwhile, the total cryptocurrency market volume increased by 44.79% to $89.96 billion.
Here is an overview of some of the major cryptocurrencies and their price movements today, July 9th.
Best Cryptocurrency Prices Today
Bitcoin Price
BTC Price has seen a 3.53% increase in value over the past day, 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% decline to 54.54% today, suggesting a potential shift toward the broader altcoin market. BTC’s market cap stood at $1.12 trillion.
Ethereum Price
ETH price has increased by 5.90% over the past day, settling at $3,051.78. Its 24-hour low and high were recorded at $2,877.20 and $3,090.66, respectively.
On the heels of optimism surrounding the upcoming launch of ETH ETFs, Grayscale Investments recently announced the dates for the initial issuance and distribution of its new Mini Trust Ethereum in Grayscale shares. Meanwhile, 21Shares has filed an updated Form S-1 Amendment for a ETH Spot ETFs.
Price Solana
The cryptocurrency SOL recorded a significant increase of 6.92% over the previous day, reaching $140.06. Solana’s 24-hour lows and highs were recorded at $130.07 and $141.63, respectively.
It is worth noting that Cboe has filed Forms 19b-4 for spot Solana ETFs on behalf of 21Shares and VanEck, a glimmer of hope for future tokenomics.
XRP Price
The value of the asset backed by Ripple Labs increased by 4.57% to $0.4334. XRP The daily lows and highs were recorded at $0.4142 and $0.4421 respectively.
DOGE & SHIB Prices
Dogecoin is up 0.13% today, trading at $0.1081, while Shiba Inu is up 5.62% today, trading at $0.00001641.
BONK and PEPE emerged among the top gainers, posting impressive gains.
Read also: BONK Price Surges 10% as Treasury Proposes Burning of 84 Billion Tokens
Cryptocurrency’s Biggest Earnings Today
Celestia (TIA) price increased by 20.28% to $6.18.
Bonk (BONK) price increased by 19.49% to $0.00002494.
Pepe (PEPE) coin increased by 13.08% to $0.000009383.
Ethena (ENA) price increased by 12.62% to $0.4076.
Cryptocurrency’s Biggest Losers Today
JasmyCoin (JASMY) price dropped by 3.21% to $0.02279.
Avalanche (AVAX) price dropped 0.99% to $25.29.
Tether Gold (XAUt) price dropped 0.78% to $2,365.60.
Additionally, the hourly charts show that BTC and ETH have hit some snags, which could give rise to potential future turbulence.
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