Bitcoin Price Surges Above $102 5e4o5a 000 as Ether Crosses $2,000 Amid Ongoing Market Rally

Bitcoin was trading at $102,722 (roughly Rs. 88.1 lakh) on international crypto exchanges on Friday. 72722d

Written by David Delima | Updated: 9 May 2025 11:59 IST

Bitcoin Price Surges Above $102,000 as Ether Crosses $2,000 Amid Ongoing Market Rally

Photo Credit: Pixabay/ WorldSpectrum 494c1i

The crypto market cap stood at $3.22 trillion (roughly Rs. 2,75,96,317 crore)

Highlights

Both Bitcoin and Ether prices were up on Friday
The prices of Shiba Inu and Polkadot have also risen
A few altcoins like Augur saw their values fall

ment

The crypto market rallied over the last few hours, after US President Donald Trump announced a US-UK trade deal. Bitcoin's price shot up to $102,722 (roughly Rs. 88.1 lakh) on Friday, as the value of the digital asset rose by 3.9 percent on international exchanges. This is the first time in over two months that Bitcoin's price has extended beyond $100,000 (roughly Rs. 85.7 lakh). On Indian exchanges, the price of Bitcoin rose by 5.20 percent, and it is currently trading at $97,915 (roughly Rs. 84 lakh).

"The crypto market added over $240 billion (roughly Rs. 20,59,507 crore) in a day, with Bitcoin becoming the fifth-largest asset by market cap. The rally followed Trump's announcement of a US-UK trade deal and optimism around a potential US-China agreement, lifting investor confidence. With this, investors expect strong economic activity. BTC faces the next resistance at $106,600 (roughly Rs. 90.9 lakh) while the stands at $98,600 (roughly Rs. 84.6 lakh)," Edul Patel, Co-founder and CEO of Mudrex told Gadgets 360, commenting on the matter.

Ether's price rose by over 16 percent in the last 24 hours on international exchanges. Presently, ETH is trading at $2,207 (roughly Rs. 1.90 lakh), according to data from CoinMarketCap. The asset's value increased by 18 percent to trade at $2,155 (roughly Rs. 1.85 lakh) on Indian exchanges.

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"Altcoins have also gained huge momentum, with Ethereum rising above the pivotal resistance at $2,200 (roughly Rs. 1.88 lakh) with over a 20 percent jump. The liquidity flow into the altcoins hints towards a potential altseason very soon," said the CoinDCX research team.

The Tron.

Polygon also rose in value on Friday.

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The overall crypto market valuation rose by nearly five percent in the last 24 hours. At the time of writing, the crypto market cap stood at $3.22 trillion (roughly Rs. 2,75,96,317 crore), as per CoinMarketCap.

EOS Coin, were some of the altcoins that saw their values dip on Friday.

"The current surge marks the second leg of the broader bullish rally. With institutional interest accelerating across the board, this rally underscores the rapid maturation of the crypto market and its growing acceptance as a mainstream asset class," Himanshu Maradiya, Founder and Chairman of the CIFDAQ exchange told Gadgets 360.Owing to the ongoing macroeconomic changes and geopolitical unrest, analysts have strongly advised investors to be cautious while investing.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Zcash

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More