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Bitcoin stays firm at $105,723 despite mixed altcoin trends.
XRP leads with a 2.89% daily gain.
Cathie Wood sees Bitcoin rising 15x over five years.
Nasdaq moves to expand its crypto index ETF.
Crypto prices today show a split in the market. Bitcoin price is holding firm at $105,723, gaining 0.15%, while XRP leads with a 2.89% surge to $2.23. Meanwhile, Ethereum slips below $2,500, reflecting mild weakness in major altcoins.
Macroeconomic developments, including US inflation data, trade talks, and ETF developments, are expected to take place this week. The cryptocurrency market remains cautiously optimistic today. It is supported by Nasdaq’s new ETF proposal and Cathie Wood’s bold 15x Bitcoin forecast.
Here’s how top cryptocurrencies are performing on June 9, 2025:
Bitcoin is trading at $105,723.97, up 0.15% in the past 24 hours. Its market cap is $2.10 trillion, with daily trading volume at $38.68 billion. The circulating supply stands at 19.87 million BTC.
“Bitcoin represents a unique global monetary system. Its volatility is decreasing as more investors hold the cryptocurrency,” said Cathie Wood, CEO, ARK Invest. Short to medium-term implied volatility is now below 40%. Analysts note resistance at $108,000 and support at $103,000. Woods also projected 15x growth in the next five years.
Bitcoin spot ETFs saw $131.6 million in net outflows this week. BlackRock’s IBIT added $81.1 million, while Fidelity’s FBTC lost $167.7 million. ARKB saw an outflow of $24.5 million.
The Bitcoin Core Project released a statement supporting a ‘non-interference’ approach. Developer Carl Horton said Bitcoin should be a ‘coin,’ not a ‘data store.’ JAN3 CEO Samson Mow called the recent changes by Core developers ‘problematic.’
Ethereum is priced at $2,492.93, down 0.82% over 24 hours. It has a $300.95 billion market cap and $13.22 billion in volume. Circulating supply stands at 120.72 million ETH.
ETH has weakened slightly along with other Layer-1 tokens. However, DeFi activity and ETF inflows remain strong. Analysts believe ETH can reclaim $2,600 if inflows resume. Ethereum’s implied volatility remains higher than Bitcoin’s, hovering around 65% for major maturities.
Also Read: 3 Altcoins That Could Beat Bitcoin’s Returns in June 2025
XRP is today’s strongest performer. It jumped 2.89% to $2.23. Market cap is now $131.62 billion, and volume is $2.92 billion. The circulating supply is 58.82 billion XRP.
BNB rose 0.11%, trading at $650.84. Its market cap is $91.69 billion, with volume at $1.41 billion. Circulating supply is 140.88 million BNB. The mild gain reflects strong activity on Binance Smart Chain as Whales decrease selling.
Solana is up 1.03%, trading at $151.44. Its market cap is $79.48 billion, with $2.09 billion in daily volume. Circulating supply is 524.8 million SOL. SOL continues to gain from increased NFT and DeFi engagement. Traders expect a breakout if it crosses $155.
Cardano gained 0.75%, with ADA at $0.6624. Market cap is $23.41 billion, and volume stands at $509.6 million. Circulating supply is 35.34 billion ADA.
Some altcoins have posted declines, showing mixed market sentiment:
TRX slipped 0.18%, trading at $0.2843. Its market cap is $26.97 billion, with volume at $463.5 million. The circulating supply is 94.85 billion TRX. The decline follows stablecoin-led gains last week. Some traders are shifting to outperformers like XRP.
Dogecoin fell 0.70%, now at $0.1823. Market cap is $27.28 billion, and volume is $711 million. The circulating supply is 149.6 billion DOGE. The meme coin is correcting after last week’s rally. Experts warn against chasing speculative momentum.
Tether (USDT) remains at $1.00, with a 0.01% gain. Market cap is $154.85 billion, and volume is $60.71 billion. USD Coin (USDC) also holds steady at $1.00, with a 0.01% rise. Market cap is $61.02 billion, and volume is $6.12 billion.
The total stablecoin market value is now $250.3 billion, up 1.05% in a week. USDT’s market share dropped slightly to 62.09%.
Market sentiment remains cautious. Bitcoin and XRP are strong, but broader participation is missing.
“Bitcoin’s ability to hold above $105K shows strength. But unless Ethereum and altcoins join the rally, broader breakout remains limited.” — Avinash Shekhar, CEO, Pi42
In another key news, Nasdaq sought SEC approval on June 7 to include XRP, Solana, Cardano, and Stellar Lumens in its crypto index ETF (NCIQ). If approved, the ETF will track the broader Nasdaq Crypto Index (NCI). A decision is expected by November 2, 2025.
This week could be decisive. Key events include:
US-China trade talks begin on June 10, 2025. The House Financial Services Committee will also review the revised CLARITY Act.
The US CPI data will be released on June 11, 2025, a key inflation indicator for traders.
A House committee, led by Maxine Waters, will investigate President Donald Trump’s alleged cryptocurrency crimes and assess the risks associated with the new legislation.
The ongoing confrontation between Trump and Musk continues to influence sentiment. Both are known crypto supporters.
Greeks.Live analyst Adam pointed out that current volatility levels are low. This could be a good time for strategic option plays. Deep out-of-the-money options are entering attractive price zones.
Also Read:Is Bitcoin Still the Safest Choice in Crypto Trading Today?
