Crypto On July 8: Bitcoin Reclaims $22,000 As Market Begins Recovery

The crypto market turned green Friday as Bitcoin (BTC), the world's biggest cryptocurrency, turned bullish and reclaimed the $22,000 price level. As of 12:41 a.m. ET, the price of 1 BTC was $22,108, and in the last 24 hours, the prices jumped by more than 8%.

As per CoinMarketCap (CMC), the dominance of Bitcoin rose to 43.40% in the last 24 hours followed by an 8.11% surge in market capitalization which currently stands at $420 billion.

On the other hand, Ether (ETH), the world's second-biggest cryptocurrency, rose by 7.3% in the last 24 hours which confirms that the bulls are back in action. The price action of the token broke the $1,200 price barrier and as of 12:44 a.m. ET, the price of 1 ETH stood at $1,254.

The biggest gainers for the day included Ripple (XRP), Avalanche (AVAX), Polygon (MATIC), Uniswap (UNI), and Aave (AAVE). These tokens rose by 7.35%, 7.31%, 12.91%, 8.92% and 15.36%. The prices of these tokens as of 12:47 a.m. ET stood at $0.35, $20.59, $0.58, $5.80 and $72.36, respectively.

Furthermore, the meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) also surged by 4.83% and 7.43%, respectively. The prices of these top two meme coins as of 12:51 a.m. ET stood at $0.0717.

Metaverse tokens Decentraland (MANA) and The Sandbox did not gain much and were up by 1.56% and 1.79% in the last 24 hours. The prices of these coins as of 12:52 a.m. ET stood at $0.93 and $1.28.