Bitcoin Stalls Around $109,000 While Ethereum, XRP, Dogecoin Edge Higher
July 9, 2025
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Cryptocurrency markets are trading modestly higher on Wednesday morning as markets await further tariff announcements by President Trump.
Cryptocurrency |
Ticker |
Price |
Bitcoin |
(CRYPTO: BTC) |
$109,110.29 |
Ethereum |
(CRYPTO: ETH) |
$2,628.26 |
Solana |
(CRYPTO: SOL) |
$154.09 |
XRP |
(CRYPTO: XRP) |
$2.38 |
Dogecoin |
(CRYPTO: DOGE) |
$0.1736 |
Shiba Inu |
(CRYPTO: SHIB) |
$0.00001199 |
Notable Statistics:
-
IntoTheBlock data shows Bitcoin and Ethereum large transcation decreased by 15.1% and 21.4%, respectively. Daily active addresses are up by 13.5% and 0.8%, respectively.
-
Coinglass data shows 68,688 traders were liquidated in the past 24 hours for $138.76 million.
-
SoSoValue data shows net inflows of $80 million into spot Bitcoin ETFs on Monday, while spot Ethereum ETFs saw net inflows of $46.6 million.
Trader Notes: Crypto trader BitBull spotted a potential inverse head and shoulders pattern on both the 3-day BTC chart and RSI.
He says confirmation requires either a 3-day candle close above $110,000 or RSI closing above 70. If confirmed, BTC could enter a 3–4 week “up-only” rally.
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Crypto trader Momin flagged that Bitcoin dominance slipping below 65% could mark a shift to an altcoin-led rally, especially if the daily close confirms.
With Ethereum showing strength and exchange supply drying up, he concluded, “A new rally likely incoming soon!”
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Follis sees a clean range developing in Solana and is watching for long entries on sweeps of the range low. For Ethereum, he also notes a clean setup but advises that high-probability trades lie at the extremes of the current range.
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