Ethereum, XRP Climb While Bitcoin Stagnates Ahead Of Fed Minutes, Trump’s Trade Deals

July 9, 2025

Investors are watching for President Donald Trump’s trade announcements and the Fed minutes for signals on the dollar, inflation, rate cuts, and broader macro trends that may impact the price of Bitcoin.

Bitcoin’s (BTC) stagnation continued in pre-market hours on Wednesday, but Ethereum (ETH) and Ripple’s native token (XRP) were on the rise among major cryptocurrencies.

Ethereum’s price was hovering around $2,600 at the time of writing, up 2.1% over the past 24 hours and hitting a month-high. However, retail sentiment on Stocktwits around ETH has remained in ‘neutral’ territory for over a month.

Meanwhile, XRP’s price hit $2.35, after gaining 2.4% over the past day. Retail sentiment around the cryptocurrency was in ‘bullish’ territory, up from ‘neutral’ a month ago. 

Solana (SOL) and Dogecoin (DOGE) were also in the green after profit-taking earlier this week. Solana’s price gained 1.3% over the past 24 hours while Dogecoin’s price was up 1.5%. 

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Meanwhile, Bitcoin’s price remained flat at $108,800. However, crypto enthusiasts are hoping that weakness in the U.S. dollar will push the apex cryptocurrency towards another rally after the U.S. Dollar Index (DXY) recently hit a three-year low. The index has been trending higher this week and was up 0.12% in pre-market trade.

Bitcoin is currently trading around 2% below its all-time high of nearly $112,000, seen in May. On Stocktwits, retail sentiment around the cryptocurrency dipped to ‘neutral’ from ‘bullish’ a day ago.

Meanwhile, the Cronos (CRO) token surged to a month-high of $0.9949 following news that Truth Social, the social media coppmany operated by the Trump family, had filed its third ETF application for the ‘Truth Social Crypto Blue-Chip ETF’, which would include the Cronos token in addition to Bitcoin, Ethereum, Solana, and XRP.

Among crypto-linked stocks, Michael Saylor-backed Strategy (MSTR), formerly known as MicroStrategy, edged 0.3% higher in pre-market trade. Shares of Bitcoin miners Riot Digital (RIOT) gained 0.8% while those of Marathon Digital (MARA) were up by 4.7%.

Investors will be looking to U.S. President Donald Trump’s trade deals and their impact on the dollar later today. The Federal Reserve minutes are also scheduled for Wednesday, with market watchers eyeing commentary on inflation, rate cuts, and other macroeconomic trends. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Read also: Trump Media Files For ‘Truth Social Crypto Blue Chip ETF’ Hosting A Mix Of Digital Assets