Bitcoin

Coin

<ul class="news-points">
 <li>Bitcoin surged briefly to $58,000, signaling renewed investor confidence in crypto assets.</li>
 <li>XRP, ADA, DOGE, and SHIB showed notable price gains amid positive market sentiment.</li>
 <li>Institutional interest in Bitcoin ETFs reflects growing confidence in digital currencies.</li>
</ul>
The crypto asset market has rebounded, with Bitcoin briefly surging to $58,000. Alongside Bitcoin’s rally, XRP, ADA, DOGE, and SHIB have posted notable price gains, signaling renewed investor confidence.
Bitcoin, the leading crypto asset by market value, <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">briefly reclaimed</a> the $58,000 level, marking a turning point in its recent price action. Institutional interest is also on the rise, with Bitcoin ETFs receiving over $1 billion in <a href="https://coinedition.com/germany-sells-bitcoin-but-institutional-investors-pile-into-bitcoin-etfs/" rel="noopener noreferrer nofollow">fresh investments</a> this week, suggesting a return of investor confidence in digital assets.
XRP, the native token of Ripple Labs, experienced a notable 10.36% price surge, fueled by strong buying activity and increased trading volumes. Its recent advance is supported by technical indicators like the RSI, which signals bullish conditions without hitting overbought levels, and the MACD, which indicates a bullish crossover. <a href="https://www.coingecko.com/en/coins/xrp" target="_blank" rel="noopener noreferrer nofollow">XRP continues to trade</a> at $0.5057.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcNgmEeLW2jaHxAr6B76aCarAki1RiBkJHHXkZky_7xSEsdoqnpM63v4FZ31eMVI7yj0lz6KFB2ccIrHRsndTdbXoc1jivdwiiu6s2pAkLKGz3YEMZ5wDZ892_65G2krDjqW8NbzVU0LQHzMyAq0EExxFhh?key=So94gWXJuD4ZoyRWzQDlzQ" alt="">
</figure>
Source: …
The post <a href="https://coinedition.com/crypto-market-rebounds-bitcoin-briefly-surges-to-58k-altcoins-follow-suit/" rel="noopener noreferrer nofollow">Crypto Market Rebounds: Bitcoin Briefly Surges to $58K, Altcoins Follow Suit</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Market Rebounds: Bitcoin Briefly Surges to $58K, Altcoins Follow Suit

Coin Edition

Other articles published on Jul 13, 2024

Is the Bitcoin (BTC) Bull Over? What Do Small Investors Think? Here are the Current Survey Results!

Cryptocurrency Adoption Set to Exceed One Billion Users by 2026, Experts Predict

Achieve Financial Success With MoonBag Crypto! Sideline The Unstable BlastUP And Tokenize Xchange...

Top 5 Altcoins to Buy This Week – Next 10X Cryptos to Watch for Massive Gains

Chainlink’s whales surge, accumulate $110 million in LINK tokens

Ethereum Price: Analyst Predicts ETF To Boost ETH Performance Over BTC

Join our free newsletter for daily crypto updates!