Invezz 2025-05-09 16:34:54

Crypto price today: BTC holds steady at $102K, ETH rockets over 12%

The cryptocurrency market has added approximately 3.4% to its capitalisation over the past 24 hours, lifting the total to $3.25 trillion. This places the market back near the consolidation zone seen throughout February and marks a logical pause on the way to retesting historical highs above $3.5 trillion. Unlike the November rally, which advanced rapidly with little resistance, the current climb appears more deliberate, with momentum building steadily but without the earlier euphoria. The crypto market sentiment index has climbed to 70—its highest level since late January—just shy of the “extreme greed” threshold. Historically, this zone has supported sustained upward movement. Thursday’s announcement of a bilateral trade agreement between US President Donald Trump and UK Prime Minister Keir Starmer provided the immediate catalyst. While the deal preserves a 10% tariff on UK exports to the US, the UK has agreed to lower tariffs on American goods to 1.8% from 5.1% and broaden market access—steps seen as easing a key source of global trade tension. Bitcoin price today Bitcoin’s price climbed 1.6% in the past 24 hours, reaching $102,613.01, with an intraday range of $100,631.53 to $104,297. Bitcoin’s market dominance stood at 62.82%. Trader and analyst Matthew Hyland is forecasting new all-time highs for Bitcoin in the current quarter. In his latest video update, Hyland suggested that price targets as high as $160,000—or even “crazy numbers”—could be attainable if bullish momentum persists and the relative strength index (RSI), a key technical indicator, continues to support the upside. Matthew Hyland @MatthewHyland_ · Follow #BTC & #ETH Update: Watch on Twitter View replies 8:00 am · 9 May 2025 153 Reply Copy link Read 15 replies “I actually do think that there is a high chance that Bitcoin will end up breaking through these highs,” he said. Ethereum (ETH) price today Ethereum’s price surged a massive 12%, trading at $2,302.49 after touching a low of $2,038.42 and a high of $2,486 during the day. Ethereum saw a massive surge following the successful rollout of its Pectra upgrade on Wednesday—a move that core developers have described as the network’s “most ambitious upgrade” to date. This marks the third major upgrade since The Merge in 2022, which transitioned Ethereum from a proof-of-work to a proof-of-stake consensus mechanism. SOL and XRP price today XRP also mirrored the bullish market trend. XRP gained nearly 4% to trade at $2.33, with an intraday range of $2.23 to $2.43. SOL also registered a massive surge on Thursday. The SOL price was up 5% to trade at $169.70. Top crypto gainers and losers Pyth Network (PYTH) surged 32.71% over the past day, followed by a sharp 22.71% jump in Pepe (PEPE). Ethena (ENA) also saw strong gains, rising 17.30%, while Jupiter (JUP) and FLOKI climbed 13.85% and 13.31% respectively. On the downside, Four (FORM) dropped 5.17% over the past 24 hours. Bitcoin Cash (BCH) slipped 3.06%, Walrus (WAL) declined 2.94%, and Sui (SUI) fell 1.07%. Quant (QNT) edged down 1.01% during the same period. The post Crypto price today: BTC holds steady at $102K, ETH rockets over 12% appeared first on Invezz

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