Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, surpassed the $58,000 mark early Wednesday morning. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL) and Litecoin (LTC), saw gains and losses across the board, with the overall Market Fear and Greed Index hitting 40 out of 100 (Fear), according to CoinMarketCap data. The Celestia (TIA) token was the biggest gainer, up about 20% in 24 hours. Meme coin PEPE was the biggest loser, down more than 4% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization reached $2.13 trillion, up 1.31% in 24 hours.
Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of Bitcoin was $58,699.02, up 2.45% in 24 hours. According to Indian exchange WazirX, the price of BTC was Rs 5.218 lakh.
Ethereum (ETH) Price Today
The ETH price is at $3,095.98, up 0.90 percent in 24 hours at the time of writing. According to WazirX, the Ethereum price in India is worth Rs 27.5 lakh crore.
Dogecoin (DOGE) price today
DOGE has risen 0.81 percent in the last 24 hours and is currently priced at $0.1087, according to data from CoinMarketCap. According to WazirX, the price of Dogecoin in India is Rs 9.94.
Litecoin (LTC) price today
Litecoin has risen by 0.82 percent in 24 hours. It was trading at $65.81 at the time of writing. The LTC price in India was Rs 5,850.88.
Ripple (XRP) Price Today
The price of XRP was at $0.4382, up 1.02 percent in 24 hours, while Ripple was at Rs 38.91, according to WazirX.
Solana (SOL) Price Today
Solana was priced at $143.20, up 1.90 percent in 24 hours. According to WazirX, the price of SOL in India was Rs 12,813.21.
Top 10 cryptocurrency gainers today (July 10th)
According to data from CoinMarketCap, the top five cryptocurrencies that have increased in value over the past 24 hours are:
Celestia (TIA)
price: $7.29
24 hour increase: 19.35 percent
SEI
price: $0.3301
24 hour increase: 10.59 percent
Bittensor (TAO)
price: $259.10
24 hour increase: 9.91 percent
Phantom (FTM)
price: $0.4755
24 hour increase: 8.32 percent
Optimism (OP)
price: $1.63
24 hour increase: 7.94 percent
Today's Biggest Crypto Losers (July 10th)
According to data from CoinMarketCap, the top five cryptocurrencies that fell in the last 24 hours were:
Pepe
price: $0.000009133
24 hours lost: 4.19 percent
Flare (FLR)
price: $0.01971
24 hours lost: 3.59 percent
Lido DAO (LDO)
price: $1.56
24 hours lost: 1.38 percent
Akash Network (AKT)
price: $3.61
24 hours lost: 1.20 percent
Chainlink (LINK)
price: $12.90
24 hours lost: 1.09 percent
What Crypto Exchanges are saying about the current market scenario
Edur Patel, co-founder and CEO of Mudrex, told ABP Live: “Bitcoin continues to trade above $57,000 levels, leading to increased inflows into spot Bitcoin ETFs. According to IntoTheBlock, there are 53.57 million Bitcoin holders worldwide, of which 83% are profitable despite the recent drop. Bitcoin could gain further momentum if it breaks through the $58,500 resistance level. Meanwhile, Ethereum has risen above $3,000, signaling renewed confidence amid awaiting approval of an Ethereum ETF. Solana is also attracting attention, especially with talk of the first Spot SOL ETF emerging.”
CoinSwitch Markets Desk noted, “Bitcoin is starting to rise slowly and steadily again, but $58,300 is still a level to break through and bears will begin shorting as soon as it reaches that level. Many analysts predict Bitcoin to test the 58,000-60,000 trading volume range, but the downward trend is expected to continue due to selling pressure from the now-closed Mt. Gox exchange, the German government, and the US government.”
Rajagopal Menon, Vice President at WazirX said, “Bitcoin is trading at $57,878, up 1.47%, indicating a path to recovery. Bitcoin trading volumes unexpectedly surged despite previously subdued market sentiment. The surge suggests renewed interest and potential price movement. Technical indicators are also supporting Bitcoin's potential bullish trend, with the RSI recovering from oversold levels.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin has risen 6% to $56,856.61 from a low of $53,717.34 after recently coming under significant selling pressure. The recovery has spurred investor optimism amid a volatile market environment. Analysts see potential for a new upswing and point to signs of oversold status ahead of a rebound. Institutional interest remains strong, with a US Bitcoin ETF seeing net inflows of $438 million in two days. Contributing factors to the recent price movement include Mt. Gox manager dividends and the German government's Bitcoin sale. Technical indicators such as the RSI and moving averages are indicating an upward trend and a possible golden cross suggests further price support and a change in market momentum.”
Shivam Thakral, CEO, BuyUcoin, said, “The crypto market is showing signs of recovery as the market starts digesting the impact of the German government's massive BTC dump. Bitcoin is up nearly 3%, taking the crypto market cap to $2.12 trillion, while Ethereum is hovering around $3,100. Markets are expected to remain volatile in the coming weeks as Mt Gox concerns still loom over the market. If Bitcoin can break out of the $60,000 levels and sustain it for at least two weeks, we expect the momentum to sustain.”
CoinDCX research team told ABP Live: “Over the past 24 hours, the overall market has been slightly positive with BTC and ETH closing in the positive. BTC ETFs saw net inflows of over $200 million, indicating buying demand. BTC is currently moving slowly, but tomorrow's US CPI data may provide a clearer direction and increased volatility. Key support levels for BTC are $53,500 and $50,700, with resistance levels at $60,000 and $63,000.”
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