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Cryptocurrencies are recording collective gains in mid-day trading on Friday, May 9, benefiting from increased risk appetite in the markets following a trade agreement between the United States and the United Kingdom. The world’s most valuable digital currency, Bitcoin, has reclaimed the $100,000 level for the first time since early February, while Ethereum is recording gains over 20%.
\nUS President Trump announced a historic agreement with the United Kingdom on Thursday, the first agreement concluded by the Trump administration since the start of tariffs on April 2. Meanwhile, the US-China talks in Switzerland on Saturday are awaiting optimism that an agreement will be reached, boosting risk appetite. This market optimism has led to strong liquidity in the cryptocurrency markets. According to Coingecko, the combined market capitalization of the cryptocurrency market, which includes more than 17,000 cryptocurrencies, rose by approximately 4% in the last 24 hours, bringing the market capitalization to $3.39 trillion. Total inflows into Bitcoin exchange-traded funds (ETFs) reached a new record high of over $40 billion.
\nBitcoin is trading at $103,398, up approximately 3.84% today, with a market capitalization estimated at $2.053 trillion. This market capitalization has surpassed Amazon to become the fifth-largest asset in the world by market capitalization in global asset rankings, after Microsoft, gold, Apple, and Nvidia. Ethereum, the second-largest cryptocurrency, rose by approximately 20.55%, trading at $2,346,000, with a market capitalization estimated at $283 billion, marking the largest increase among the world’s 10 most valuable currencies by market capitalization. XRP, or Ripple, continues to maintain its position as the world’s fourth-largest cryptocurrency by market capitalization, rising approximately 8% today, trading at $2.39, with a market cap of approximately $140 billion.
\nDogecoin is up approximately 13.71%, trading at $0.2080, with a market cap of approximately $31 billion. Cardano is up approximately 10.89%, trading at $0.7943, with a market cap of approximately $28 billion. Solana is up 14.55%, trading at $172 with a market cap of $89 billion, while TRON is up 5.5%, trading at $0.2639 with a market cap of $25 billion. Sui is up 15.05% today, trading at $3.97 with a market cap of $13 billion, maintaining its 11th place.<\/p>\n
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Cryptocurrencies are recording collective gains in mid-day trading on Friday, May 9, benefiting from increased risk appetite in the markets following a trade agreement between the United States and the United Kingdom. The world’s most valuable digital currency, Bitcoin, has reclaimed the $100,000 level for the first time since early February, while Ethereum is recording […]<\/p>\n","protected":false},"author":1,"featured_media":7634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-7633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-currencies"],"acf":[],"yoast_head":"\n