Crypto Price Today (May 7, 2025): Bitcoin Reclaims $97K: ETH & XRP Rises while SOL, ADA, DOGE Spike 4%

TheCryptoTimesPublished on 2025-05-07Last updated on 2025-05-07

The cryptocurrency market is again catching up with a decent rally, leading Bitcoin (BTC) to reclaim the $97,000 mark while altcoins like ETH, XRP and SOL seeing notable gains in the past 24 hours. 

As investors see likeable growth into various leading crypto assets today, the overall market sentiment is fueled by anticipation around the FOMC meeting, which is to take place later. 

The renewed interest in Bitcoin is expected to push it towards a breakout to the $100,000 milestone, which has been manifested by traders since last week. At the time of writing, Bitcoin is trading near $97,048 – up 3.49% in the past 24 hours.

Bitcoin (Btc) Price Breaks $97K – Source CoinmarketcapBitcoin (Btc) Price Breaks $97K – Source Coinmarketcap
Bitcoin (BTC) Price Breaks $97K – Source: CoinMarketCap

Following the 3% pump in BTC, leading altcoins have also joined the rally, with Ethereum (ETH) posting a solid 4% gains, on Pectra Upgrade activation news. It is currently trading at $1,835, with a 24 hour trading volume of $15.76 billion. XRP, on the other hand, has climbed to $2.14, driven largely after anticipation around XRP ETF. 

Other major altcoins—including Solana (SOL), Cardano (ADA), and Dogecoin (DOGE)—have outperformed both the leading cryptocurrency with impressive 4% jumps.

From the top gainers, Stacks (STX) has soared 16%, trading at approximately $0.864, followed by Litecoin (LTC) with a 12% jump to $91.39 in the past 24 hours. Besides—QNT, IOTA and HYPE are other top movers today. 

On the losing side, Virtuals Protocol (VIRTUAL) dropped 8% to $1.37 while Fartcoin (FARTCOIN) fell 7% to $0.9856, cooling off after a 48.33% surge in January. 

Trending Crypto Today

  • LTC (Litecoin)
  • ALPACA (Alpaca Finance)
  • BTC (Bitcoin)
  • KAITO (Kaito)
  • ETH (Ethereum)

Top Gainers Today

  • STX (Stacks): +16%
  • LTC (Litecoin) +12%
  • QNT (Quant): +11%
  • IOTA (Iota): +10%
  • HYPE (Hyperliquid): +9%

Top Losers Daily

  • VIRTUAL (Virtuals Protocol): -8%
  • FARTCOIN (Fartcoin): -7%
  • OP (Optimism): -2%
  • LEO (UNUS SED LEO): -1%
  • XDC (XDC Network): -1%

Market Overview

The global crypto market capitalization has reclaimed the $3 trillion mark today, with a 24-hour trading volume of $81.61 billion, up 24%. Bitcoin’s dominance remained near 64.3%, signaling its continued influence, though altcoins are carving out significant gains. 

Also read: Litecoin Price Soars 12% After SEC Delays Spot ETF Approval

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