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

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.

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Bitcoin has risen above the $58,000 mark, while the global market cap for cryptocurrency remains at $2.13 trillion. Other popular altcoins like Ethereum, Dogecoin, Ripple, Solana, and Litecoin saw a mix of gains and dips. The Celestia token emerged as the biggest gainer with a 24-hour jump of nearly 20 percent, while Memecoin PEPE became the biggest loser with a 24-hour dip of over 4 percent. Bitcoin's price stood at $58,699.02, registering a 24-hour gain of 2.45 percent, and Ethereum's price stood at $3,095.98, marking a 24-hour jump of 0.90 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. Mudrex co-founder and CEO Edul Patel stated that Bitcoin could gain further momentum if it breaks through the $58,500 resistance level. CoinSwitch Markets Desk noted that Bitcoin has started to move slowly and steadily towards the upside again, and Rajagopal Menon, Vice President of WazirX, said that Bitcoin is trading at $57,878, indicating a road to recovery. Sathvik Vishwanath, CEO and co-founder of Unocoin, said that Bitcoin recently bounced 6% to $56,856.61 from a low of $53,717.34 after a significant selloff. Shivam Thakral, CEO of BuyUcoin, stated that the crypto market showed initial signs of recovery as Bitcoin rose by almost 3%, taking the total crypto market cap to $2.12 trillion. CoinDCX Research Team noted that BTC and ETH closed in green, with BTC ETF net inflows crossing $200 million, indicating buying demand.

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