Cryptocurrency Price Today: Bitcoin Rises Above $58,000, Memecoin PEPE Becomes Biggest Loser

Cryptocurrency price on July 10 quick take: The global market cap remained at $2.13 trillion.

Bitcoin price stood at $58,699.02 on Wednesday.

Source : Mohamed Hassan/Pixabay

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $58,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw a mix of gains and dips across the board as the overall Market Fear & Greed Index stood at 40 (Fear) out of 100, as per CoinMarketCap data. The Celestia (TIA) token emerged to be the biggest gainer, with a 24-hour jump of nearly 20 percent. Memecoin PEPE became the biggest loser, with a 24-hour dip of over 4 percent. 

The global crypto market cap stood at $2.13 trillion at the time of writing, registering a 24-hour jump of 1.31 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $58,699.02, registering a 24-hour gain of 2.45 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 52.18 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,095.98, marking a 24-hour jump of 0.90 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.75 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour gain of 0.81 percent, as per CoinMarketCap data, currently priced at $0.1087. As per WazirX, Dogecoin price in India stood at Rs 9.94.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour jump of 0.82 percent. At the time of writing, it was trading at $65.81. LTC price in India stood at Rs 5,850.88.

Ripple (XRP) Price Today

XRP price stood at $0.4382, seeing a 24-hour gain of 1.02 percent. As per WazirX, Ripple price stood at Rs 38.91.

Solana (SOL) Price Today

Solana price stood at $143.20, marking a 24-hour jump of 1.90 percent. As per WazirX, SOL price in India stood at Rs 12,813.21. 

Top Crypto Gainers Today (July 10)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Celestia (TIA)

Price: $7.29
24-hour gain: 19.35 percent

Sei (SEI)

Price: $0.3301
24-hour gain: 10.59 percent

Bittensor (TAO)

Price: $259.10
24-hour gain: 9.91 percent

Fantom (FTM)

Price: $0.4755
24-hour gain: 8.32 percent

Optimism (OP)

Price: $1.63
24-hour gain: 7.94 percent

Top Crypto Losers Today (July 10)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Pepe (PEPE)

Price: $0.000009133
24-hour loss: 4.19 percent

Flare (FLR)

Price: $0.01971
24-hour loss: 3.59 percent

Lido DAO (LDO)

Price: $1.56
24-hour loss: 1.38 percent

Akash Network (AKT)

Price: $3.61
24-hour loss: 1.20 percent

Chainlink (LINK)

Price: $12.90
24-hour loss: 1.09 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin continued to trade above the $57,000 level with increasing inflows to spot Bitcoin ETFs. According to IntoTheBlock, there are 53.57 million Bitcoin holders globally, and 83% of them are in profit despite recent dips. Bitcoin could gain further momentum if it breaks through the $58,500 resistance level. Meanwhile, Ethereum has surpassed $3,000, showing renewed confidence as it awaits approval for Ethereum ETFs. Solana is also gaining attention, especially on the first spot SOL ETF talks.”

CoinSwitch Markets Desk noted, “Bitcoin has started to move slowly and steadily towards the upside again, even as $58.3k remains the level to be broken, with bears opening shorts as soon as the level is reached. While many analysts are predicting Bitcoin to test 58k–60k volumes, with the current selling pressure of the now defunct Mt. Gox exchange, the German government and US government are still prevailing in - a downtrend is expected to sustain.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin is trading at $57,878, up 1.47%, indicating a road to recovery. Despite a previously suppressed market sentiment, Bitcoin's trading volume has surged unexpectedly. This spike suggests renewed interest and potential price movement. Technical indicators also support a potential bullish trend for Bitcoin, with the RSI recovering from oversold levels.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin recently bounced 6% to $56,856.61 from a low of $53,717.34 after a significant selloff. This recovery has fueled investor optimism amid volatile market conditions. Analysts see the potential for a new rally and note oversold signals ahead of the rebound. Institutional interest remains strong, with US Bitcoin ETFs seeing net inflows of $438 million over two days. Factors contributing to the recent price swings include the payouts of managers of Mt. Gox and the German government's bitcoin sales. Technical indicators such as RSI and moving averages indicate an uptrend with the potential of a golden cross signaling further price support and a shift in market momentum.”

Shivam Thakral, CEO of BuyUcoin, said, “The crypto market showed initial signs of recovery as market begins to digest the impact of German government large BTC release. Bitcoin rose by almost 3% taking total crypto market cap to $2.12 trillion while Ethereum is hovering around $3100 level. With Mt. Gox fears still looming the market, we can expect the markets to remain choppy in the coming weeks. If Bitcoin breaches the $60,000 mark and stays above it for at least 2 weeks, then we can expect the momentum to sustain.” 

CoinDCX Research Team told ABP Live, “In the last 24 hours, the overall market remained slightly positive, with BTC and ETH closing in green. BTC ETF net inflows crossed $200 million, indicating buying demand. BTC is currently moving slowly, and tomorrow's U.S. CPI data could provide clear direction and increased volatility. Key Support levels for BTC is at $53,500 and $50,700 while Resistance is at $60,000 and $63,000.”

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.