Bitcoin Roars Back to $97K as ETH, XRP Gain Momentum—SOL, ADA, DOGE Surge 4% (May 7, 2025)

Crypto markets flex bullish muscles as Bitcoin claws its way back to $97K—proving once again that ’death’ reports were greatly exaggerated. Ethereum and XRP ride the wave with steady gains, while Solana, Cardano, and Dogecoin spike 4% in a classic altcoin rally.

Traders cheer the rebound, though skeptics mutter about ’the same old pump before the dump’—because Wall Street’s playbook hasn’t changed, just the assets. Meanwhile, leverage longs pile in like it’s 2021 all over again.

Will this hold? Ask the Fed—or maybe just check Elon’s next tweet.

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