Bitcoin [BTC] Crosses $6,600, Crypto Market Cap Gains Back $10 Billion

Bitcoin has crossed the $6,600 mark while the total market cap has gained over $10 billion in 3 hours.
Published by
Bitcoin [BTC] Crosses $6,600, Crypto Market Cap Gains Back $10 Billion

Bitcoin has crossed the $6,600 mark while the total market cap has gained over $10 billion in 3 hours. Overall, the crypto market is registering significant gains while TenX is leading with 60 percent rise.

Advertisement

Bitcoin [BTC] eyeing $6,700 mark

Today is a gainers day for the entire cryptocurrency market. After days of constant downward momentum, finally, the bulls seem to charge at full force.

At the time of writing Bitcoin has been at $6,613 with a rise of 3.97 percent in the past 24 hours. The bears took a breather as the price recovered from $6,148 on July 13. It had been expected that the bears will further drag the Bitcoin price below the $6k level before making any potential upward movement.

However, today, especially in the last 3 hours, the prices took a jump of 2 to 3 percent. Bulls did appear but they only took charge in the past few hours and spread out in the entire market.

Since January, this has been only the second time, that Bitcoin drops down to this level. At June end, it has been at $5,800 and was expected to follow the suit this time as well before going up. However, the trend took a shift and started ascending.

The reason could be very well credited to the fact that the largest ETF provider BlackRock showed its interest in Bitcoin and cryptocurrencies and is currently exploring the market for future investment.

Bitcoin investors are hopeful of the institutional investors turning to the crypto market that can potentially bring in huge investment.

Also, read: Bitcoin, Ethereum, Ripple Price Analysis for the Week July 9 to July 15 – Fear of BTC Breaching USD 6000 Looms

Crypto market gains $10 billion in 3 hrs

The entire cryptocurrency market is enjoying significant greens as the majority of the currencies are on the rise. From the top 15 currencies, EOS (EOS) is at the top with 8.61 percent gain at $7.76 followed by IOTA (MIOTA) at $1.07 with a gain of 8.43 percent and Cardano (ADA) is up by 7.35 percent at $0.15.

Whereas, Ethereum (ETH) is rising by 5.80%, XRP 4.12%, Stellar (XLM) 6.72%, and Tron (TRX) 4.80%.

However, the top gainer of this bull run is TenX (PAY) which is up by a staggering 60%. MCO and Kin follow up with about 17% rise.

The entire cryptocurrency market has gained more than $10 billion in just 3 hours and climbing upwards at $266 billion market cap while managing the daily trading volume of over $14 billion.

Right now, the question is will the bulls continue?

 

Advertisement

Share
Partyush Goyal

A computer science engineer, I have been adamantly following the blockchain and cryptocurrency industry for the past 2 years. A crypto enthusiast and hardcore blockchain follower. Reach out to him at pratyush@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Indian Court Declares XRP as Property in WazirX Hack Case

In a landmark ruling, the Madras High Court in India has declared that XRP and…

October 27, 2025
  • News

Ethereum Supercycle Strengthens as SharpLink Gaming Withdraws $78.3M in ETH

Ethereum’s fundamentals continue to strengthen as major investors and analysts signal renewed confidence in the…

October 27, 2025
  • News

Trump Tariffs: Secretary Bessent Declares ‘Fantastic’ Trump–Xi Talks, Bitcoin Breaks $113,000

Bitcoin (BTC) has climbed above $113,000 as optimism grew ahead of President Donald Trump’s meeting…

October 26, 2025
  • News

Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?

Bitcoin traders are turning their attention to this week’s Federal Open Market Committee (FOMC) meeting.…

October 26, 2025
  • News

White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC

White House crypto czar David Sacks has shown his support for Donald Trump's nomination of…

October 25, 2025
  • News

Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role

Crypto firm Ripple has revealed that it is exploring new ways to use XRP within…

October 25, 2025