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    Home»Cryptocurrency»Bitcoin Fails To Rise Above $109,000, Cronos Becomes Top Gainer
    Cryptocurrency

    Bitcoin Fails To Rise Above $109,000, Cronos Becomes Top Gainer

    July 8, 20255 Mins Read


    Bitcoin (BTC), the world’s oldest and most valued crypto, failed to rise above the $109,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and dips across the board as the overall Market Fear & Greed Index stood at 52 (Neutral) out of 100, as per CoinMarketCap data. Cronos (CRO) turned out to be the biggest gainer today, with a 24-hour jump of nearly 17 percent. Story (IP) became the biggest loser, with a 24-hour dip of over 3 percent. 

    The global crypto market cap stood at $3.36 trillion at the time of writing, registering a 24-hour jump of 0.93 percent.

    Bitcoin (BTC) Price Today

    Bitcoin price stood at $108,549.80, registering a 24-hour jump of 0.41 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 91.73 lakh.

    Ethereum (ETH) Price Today

    ETH price stood at $2,606.51, marking a 24-hour gain of 2.32 percent at the time of writing. Ethereum price in India stood at Rs 2.26 lakh.

    Dogecoin (DOGE) Price Today

    DOGE registered a 24-hour jump of 1.80 percent, as per CoinMarketCap data, currently priced at $0.1709. Dogecoin price in India stood at Rs 15.26.

    Litecoin (LTC) Price Today

    Litecoin saw a 24-hour gain of 2.11 percent. At the time of writing, it was trading at $87.77. LTC price in India stood at Rs 7,525.59.

    Ripple (XRP) Price Today

    XRP price stood at $2.31, seeing a 24-hour jump of 2.19 percent. Ripple price in India stood at Rs 188.

    Solana (SOL) Price Today

    Solana price stood at $151.56, marking a 24-hour gain of 1.74 percent. SOL price in India stood at Rs 13,480.37.

    Top Crypto Gainers Today (July 9)

    As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

    Cronos (CRO)

    Price: $0.09384
    24-hour gain: 16.67 percent

    Raydium (RAY)

    Price: $2.36
    24-hour gain: 10.74 percent

    Floki (FLOKI)

    Price: $0.00009047
    24-hour gain: 8.22 percent

    SPX6900 (SPX)

    Price: $1.34
    24-hour gain: 7.91 percent

    POL (POL)

    Price: $0.1972
    24-hour gain: 6.55 percent

    Top Crypto Losers Today (July 9)

    As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

    Story (IP)

    Price: $2.99
    24-hour loss: 3.14 percent

    Bonk (BONK)

    Price: $0.00002195
    24-hour loss: 2.89 percent

    Fartcoin (FARTCOIN)

    Price: $1.06
    24-hour loss: 1.79 percent

    Virtuals Protocol (VIRTUAL)

    Price: $1.46
    24-hour loss: 0.96 percent

    Tether Gold (XAUt)

    Price: $3,295.74
    24-hour loss: 0.90 percent

    What Crypto Exchanges Are Saying About Current Market Scenario

    Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “The crypto market is gaining momentum as the U.S. Digital Asset Task Force prepares to propose a strategic Bitcoin reserve policy later this month. This development has lifted market sentiment, pushing Bitcoin toward the $109,000 mark. Meanwhile, Ethereum is building strength with corporate treasuries like SharpLink and BitMine, accumulating nearly 388,000 ETH. Additionally, Ethereum spot ETFs have seen positive flows for 8 straight weeks, with over 61,000 ETH added, showing strong institutional demand. If the momentum sustains, ETH could see a breakout above $2643, attempting the $2800 levels.”

    CoinSwitch Markets Desk noted, “BTC is trading at $108,600, up 0.8% in the last 24 hours, as the market awaits stronger conviction for a decisive move. The US Dollar Index is down 10.1% YTD and trading 6.5 points below its 200-day average, its most oversold level in 21 years, signalling weakness. Speculative short positions are at their lowest since 2021. BTC can benefit in a weak dollar regime. With the USD seeing its sharpest drawdown in decades, BTC may attract capital rotation from fiat and treasuries, especially if this weakness persists and risk appetite holds.”

    Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin is holding strong above $108,000 as traders grow increasingly bullish, hoping for a breakout above $110,000. On-chain data suggests that $100,000 may have marked a local bottom, as renewed buying interest stabilized the market. Institutional interest continues to build, with Bitcoin and Ethereum ETFs seeing over $217 million in net inflows to begin the week. Ethereum has turned the $2,500 resistance into support, with momentum steadily building for a potential range breakout. As Bitcoin and Ethereum gains strength, the crypto market appears to be positioning itself for its next major leg upward.” 

    CoinDCX Research Team noted, “The Bitcoin price faces some upward pressure but sustains itself above the pivotal level of resistance, which hints at a potential upswing in the coming days. With this, the other altcoins within the top 10 display strength and trade above their respective support.The top gainer for the day is Cronos, which surged over 20% with a monstrous rise in the 24-hour volume of close to 2000%. Followed by Raydium, FLOKI & SPX6900 with a nearly 7% to 10% jump. The losers for the day are Fartcoin and Story, with nearly 3% drop.”

    Srinivas L, CEO, 9Point Capital, said, “Bitcoin is holding firm near $109K, consolidating strength as exchange outflows surge. Expecting it to break the shackles of consolidation and rally towards 125k.”

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    Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.



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