The cryptocurrency market showed signs of recovery on Friday, July 9, as most of the top coins regained some of their losses from the previous days. XDC Network (XDC), a hybrid blockchain platform for global trade and finance, emerged as the top gainer among the top 100 cryptocurrencies by market capitalization, surging by over 21% in the last 24 hours.
According to CoinMarketCap, XDC price reached an all-time high of $0.098 on Friday, bringing its market cap to over $1 billion. The coin also saw a significant increase in trading volume, reaching over $100 million in the last 24 hours. XDC Network claims to offer fast, secure and low-cost transactions for enterprises and institutions, as well as interoperability with other blockchains and legacy systems.
Meanwhile, Bitcoin (BTC), the largest cryptocurrency by market cap, managed to stay above the $30,000 support level, despite facing downward pressure from bearish sentiment and regulatory uncertainty. At the time of writing, BTC price was trading at $30,295, up by 0.12% in the last 24 hours. Ethereum (ETH), the second-largest cryptocurrency by market cap, also saw a slight increase of 0.39%, trading at $1,869.
Other major cryptocurrencies, such as Binance Coin (BNB), Cardano (ADA), Dogecoin (DOGE) and Solana (SOL), also recorded modest gains on Friday, ranging from 1% to 4%. However, some coins, such as Ripple (XRP), Polkadot (DOT) and Uniswap (UNI), remained in the red zone, losing between 1% to 3%.
The total market capitalization of all cryptocurrencies increased by 1.5% on Friday, reaching $1.28 trillion. The market dominance of Bitcoin also rose slightly to 45.8%, indicating that investors are still cautious about altcoins.
