Bitcoin did a blast! Today the crypto market lost a lot, Ethereum fell a little – know today’s full update (9 June)
Today there is a little excitement in the crypto market. Bitcoin again showed its strength and was seen trading above $1,05,700. While some other major tokens like Ethereum saw a slight decline, but overall the market was seen in the green zone. Today, we have brought for you the full update of the crypto market of 9 June – a great combo of Hindi and English, i.e. in Hinglish.
Bitcoin Update:
Bitcoin, the world’s largest cryptocurrency, is trading at $1,05,723.29 today with a small increase of 0.11%. According to CoinMarketCap data, its market cap has reached $2.1 trillion – a rise of 0.21% in the last 24 hours.
Bitcoin’s trade volume has decreased slightly – $37.73 billion, which shows a decline of 0.81%. But despite this, people’s sentiment is strong – 82% of people on CoinMarketCap are bullish about Bitcoin. Bitcoin’s dominance in the overall crypto market is 63.7% – which shows that it still has its strength intact.
Ethereum slowed down a bit
Ethereum was a bit slow today compared to Bitcoin. Its price fell by 0.74% to $2,496.86, but is still in the $2,400 range. Its market cap has come down to $301.5 billion, which shows a fall of 0.89%.
Yes, one positive thing is that Ethereum’s trading volume has increased from 8.31% to $12.41 billion. Ethereum’s dominance is now 9.2% in the total market.
Tether: Stable Performance of Stablecoin
Dollar-linked stablecoin Tether maintained its typical safe zone. Its price is still at $1 today. There has been a slight increase in market cap – it has now reached $154.84 billion, while trading volume has jumped by 8.38% and it has now reached $58.99 billion.
Solana showed enthusiasm
Another strong performer is Solana, which is trading at $151.79 with a gain of 1.06%. Its market cap has reached $79.66 billion (an increase of 1.09%), and trading volume has also reached $2.01 billion – an impressive jump of 8.22%.
This is the same token which is called the favored crypto of former US President Donald Trump – and it seems that Trump’s influence is still visible on the crypto market.
Today’s Top Gainers
Today’s market is also quite good for some altcoins. Top gainers include:
Kaia – 13.25% strong gain
Internet Computer (ICP) – 6.01%
AB Token – 4.94%
Raydium – 4.06%
SPX6900 – 4.01%
All these tokens have generated good profits for short-term investors.
Today’s Top Losers
But not every token was lucky. Some also faced declines:
DEXE – biggest loser, down 8.81%
Stacks – down 3.75%
Artificial Superintelligence Alliance – 3.68%
Optimism – 3.01%
Kaspa – 2.48%
These tokens may either show a recovery or slide further in tomorrow’s session – everything depends on market sentiment.
Overall Scene of Crypto Market
If we talk about the overall crypto market, today was slightly bullish. Total market cap has reached $3.29 trillion – which is a growth of 0.19% since the last closing. Meanwhile, 24-hour trading volume is also up – now it is $91.36 billion, an increase of 6.76%.
Final Thoughts: What to do crypto traders now?
Bitcoin’s rise and the market staying in the green is a good signal, especially for investors who believe in long-term holding. Yes, Ethereum’s fall may be a matter of some concern, but altcoins like Solana have provided a dose of positivity.
If you trade, this may be a time to assess the market with a little cautious optimism. The market is still quite volatile, but opportunities are also hidden in it.
Note: Before investing in the crypto market, do your proper research, as this market is both high-risk and high-reward.