Crypto Prices Bounce Back: Bitcoin (BTC) Nears $58K, Ethereum (ETH) Rallies 6%

o prices have bounced back considerably from a recent bearish trend. Bitcoin’s (BTC ) price has gained as high as the $58K mark over the past day, while top cryptos like Ethereum (ETH), Solana (SOL), and XRP imitated with an upward momentum.

Cryptocurrency prices rebounded on Saturday, with Bitcoin rising as high as the $58,000 mark and top tokens such as Ethereum, Solana, and XRP showing gains amid a broader bullish momentum in the market.

World's no. 2 cryptocurrency Ethereum rose 5.90% over the past day to trade at $3,051.78. Its 24-hour lows and highs were recorded as $2,877.20 and $3,090.66, respectively.

In the wake of optimism birthed with 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 filed an updated S-1 amendment form for a spot ETH ETF.

The global cryptocurrency market cap saw a 3.13% increase to $2.08 trillion on Saturday. However, total crypto market volume surged 44.79% to $89.96 billion.

So, here’s an overview of some top cryptocurrencies and their price movements today, July 9.

Top Crypto Prices Today

Bitcoin Price

BTC price noted a 3.53% upswing in value from yesterday to trade at $56,895.42 at press time. The flagship crypto's 24-hour lows and highs were $54,891.63 and $58,131.34, respectively.

Bitcoin's market dominance saw a 0.43% decrease to 54.54% today, suggesting a potential shift towards the broader altcoin market. BTC’s market cap rested at $1.12 trillion.

Solana Price

The crypto SOL saw a significant 6.92% increase over the past day to reach $140.06. Solana's 24-hour bottoms and peaks were recorded as $130.07 and $141.63, respectively.

Solana NFT marketplace Magic Eden recently announced the launch of its own Web3 mobile application store, dubbed Eden Mobile. The platform will reportedly allow users to seamlessly download and install dApps from the Magic Eden NFT marketplace.

XRP Price

XRP price rose 2.06% over the past 24 hours to trade at $0.7066. The seventh-largest cryptocurrency's 24-hour lows and highs were recorded as $0.6863 and $0.7124, respectively.

A recent report by the Blockchain Association highlighted XRP's potential to serve as a key infrastructure for cross-border payments, given its fast transaction speeds and low costs. The report also noted the growing institutional interest in XRP.

The above is the detailed content of Crypto Prices Bounce Back: Bitcoin (BTC) Nears $58K, Ethereum (ETH) Rallies 6%. For more information, please follow other related articles on the PHP Chinese website!