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Crypto Price Update July 9: BTC Above $57K, ETH at $3K, SOL, DOGE, and ADA Soars

The crypto market looks healthy today as most of the coins are trading in the green zone according to CoinMarketCap’s crypto heat map data. In the last 24 hours, the global market cap has jumped by 3.74% to...

Crypto Price Update July 9: BTC Above $57K, ETH at $3K, SOL, DOGE, and ADA Soars

The crypto market looks healthy today as most of the coins are trading in the green zone according to CoinMarketCap’s crypto heat map data. In the last 24 hours, the global market cap has jumped by 3.74% to $2.12 trillion. Within this time, the volume of transactions has surged by 30.10%, resting at $88.14 billion. The volume of all stablecoin transactions takes up more than 93% of the total market volume.

Even though investors’ confidence is still down, as portrayed in the crypto fear and greed index, this recent rally has ignited a glimmer of hope for a potential surge. According to Alternative, the sentiment surrounding the crypto market shows ‘fear’ since its value rests at 27 points, signifying a 1-point drop from yesterday’s 28.

Top Crypto Price Updates

Leading the charge, Bitcoin (BTC), the flagship cryptocurrency has recorded impressive gains over the last day. According to CoinMakrketCap data, the price of BTC has spiked by 2.67%, trading at $57,291. Additionally, the activities surrounding the coin, shown in its trading volume, have surged by 36% in the last 24 hours to $35.8 billion. The largest cryptocurrency by market cap has traded between the lows and highs of $55,139 and $57,879 in the last 24 hours, representing a 22.4% decline from its all-time high of $73,737 attained in March.

Source: CoinMarketCap

Ethereum, the second-largest cryptocurrency by market cap, has also joined in the rally. According to CMC data, the price of ETH has jumped by 5.55% in the last 24 hours, changing hands at $3,061. Impressively, its 24-hour trading volume has also grown by 45% to $21 billion. What is more, Ethereum (ETH) has traded in the range of $2,913 and $3,085 over the last day. This recent price rally comes amid expectations of the launch of Ethereum ETF by the US Securities and Exchange Commission.

Other altcoins have also exhibited notable growth. Solana (SOL) has recorded the highest gains among the top ten cryptocurrencies. At the time of writing, the price of SOL has surged by 7.93% to trade at $142.4. These new heights have raised excitement among investors and the Solana network users. The latest development has increased confidence not only in the SOL crypto but also in the Solana ecosystem. In the last 24 hours, Solana’s trading volume has skyrocketed by 50.06% to $3.5 billion, positioning it as the 6th most traded asset in the last day.

In a similar pattern, Cardano (ADA) has joined in the frenzy. CoinMarketCap’s data shows that the price of ADA is currently up by 6.01%, changing hands at $0.3715. As a result, its trading volume in the last 24 hours has jumped by 28.8% to $437 million. Cardano, which occupies the 10th largest cryptocurrency spot, has traded between the lows and highs of $0.350 and $0.379.

Ripple (XRP), and Toncoin (TON) are not left out of the party. The two coins have seen similar growth in the last 24 hours. CoinMarketCap’s data reveals that the price of XRP and the price of TON have spiked by 2.99%, and 2.43% respectively. XRP is currently trading at $0.43 and TON at $7.31. XRP investors have been hoping for a potential rally that will shift the value of the coin above the $0.5 mark, as this can set grounds for a surge to new highs. Perhaps, this could happen soon.

On the memecoin front, Dogecoin (DOGE) and Shiba Inu (SHIB) have also seen modest growth. The price of DOGE has gained 3.50%, trading at $0.108 while the price of SHIB has gained 3.2% to trade at $0.0000164. While memecoins are very volatile assets, they have emerged as one of the most traded asset groups in 2024.

Among the top trending cryptocurrencies today, some of them stand out with their impressive gains. Bonk (BONK), a memecoin similar to Shiba Inu and Dogecoin, has surged by 21.25% in the last 24 hours. BONK now trades at $0.00002617 with a live market cap of $1.7 billion. The trading volume over the last 24 hours has also skyrocketed by 158.38% to $563 million.

Zcash (ZEC), a privacy and anonymity cryptocurrency, has maintained a growth of 13% over the last 24 hours. According to data from CoinMarketCap, the price of ZEC is at $21.37. Also, its 24-hour trading volume spiked by 21.89% to $58.5 million.

Celestia (TIA), a modular blockchain network, has grown by 12.46%. At the time of writing, the price of TIA is $6.15. TIA has a 24-hour trading volume of $202.8 million with a live market cap of $1.2 billion.

Ultimately, the global crypto market is enjoying a rally against the backdrop of the latest developments happening in the sector. It will be interesting to see how far this rally can hold, and if we are heading towards the bull market.

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