Crypto Price Update July 17: BTC and ETH Soars, Leads Global Market in Rally

The crypto prices today have continued to generate momentum, igniting positive sentiment across the global market. Bitcoin has maintained the rally that started over the weekend. It previously exceeded the $54k mark signaling growing optimism in the asset. However, at press time, it has relinquished some of its gains and is now trading around the $63k zone.

Simultaneously, Ethereum has mirrored BTC gains, rising above the crucial $3,400 level. Consequently, other altcoins including memecoins have all exhibited healthy movements over the last day. Could this be a sign of an imminent bull market? The total market cap has seen a 1.87% increase to $2.34 trillion. Also, the total volume traded in one day has skyrocketed by 46.73% to $94.38 billion. The massive growth implies increased trading activities in the market. Let’s look at the summary of how the top crypto has performed over the last day.

Bitcoin (BTC) has exhibited an impressive rise over the last day. The price has spiked as high as $63,827, representing a 1.47% jump at press time. The large inflow of ETF funds into the market can be attributed as one of the key factors for the recent movement. As of July 15, a total of $301 million was recorded according to data presented by Soso Value. In the same light, Bitcoin trading volume in the last 24 hours has surged by 44% to $40.8 billion.

While the news of the launch of Ethereum ETF is looming, the price of the coin has shot past the $3,400 mark. The second-largest crypto by market cap has seen a modest 1.64% gain within the recorded time to trade at $3,411. Additionally, ETH’s trading volume also rose by 46% to $20 billion. Some crypto experts have predicted that Ethereum will outperform Bitcoin after the final launch of the ETFs which are expected to happen toward the end of July. It will be interesting to see the trajectory in the next few weeks.

Other Altcoin Prices

Solana, which positions itself as the fifth-largest cryptocurrency, has seen a 3.05% increase, trading at $156.74. Meanwhile, the coin has traded between the lows and highs of $152.01 and $160. It is important to note that the total volume traded within the last day surged by 40%.

Moving on, the Ripple-backed coin, XRP has positioned as the top gainer today among the top ten largest cryptocurrencies. After consolidating for a long period, the coin now shows signs of a resurgence following a potential Ripple vs SEC settlement rumor. XRP has spiked by 4.10% to $0.54.The last time the coin reached this level was in May. Notably, XRP has been in the 24-hour range of $0.5244 and $0.5678.

Toncoin (TON) has dropped by 1.42% to reach $7.34, meanwhile, Cardano (ADA) has also taken the same pattern, declining by 1.05% to $0.4347.

Dogecoin (DOGE) and Shiba Inu (SHIB) have been in ascending gear. Both coins have added 4.44% and 6.53% respectively to their values. While DOGE is changing hands at $0.122, SHIB is resting at $0.00001917.

Pepe coin (PEPE) surged by 24.5% to $0.00001199

Dogwifhat (WIF) moved up by 21.55% to $2.20

Worldcoin (WLD) climbed 21.35% to reach $2.35

Floki (FLOKI) spiked by 15.5% to $0.0001867

Popcat SOL (POPCAT) jumped 12.13% to rest at $0.8324

JasmyCoin (JASMY) pumped 9.07% to $0.02952

The majority of the coins in the crypto market resumed the week starting July 15 in the green. While most of them have maintained the momentum after 24 hours, it will be interesting to see how the week will end.