Best Cryptocurrencies to Buy Today, May 9 – Bitcoin, Ethereum, Solana
Highlights:
- Bitcoin jumps above $100,000 as trade deals ease tensions and institutional buying boosts confidence in the market.
- Ethereum surges past $2200 as whales accumulate and a recent network upgrade fuels bullish investor sentiment.
- Solana targets a $200 breakout after a bullish chart pattern hints at strong momentum and a possible price rally ahead.
The predicted bull run is back as the top cryptocurrency is back over $100,000 since February, as predicted by analysts at Crypto2Community. At press time, the global market cap is at $3.22 trillion, a 5.13% increase in the last 24 hours. Meanwhile, the total trading volume is up 54.06% to $158.78 billion. The fear and greed index has shot up to the greed zone at an index of 70 after stagnating in the fear and neutral zone for months.
Most of the top 20 coins are trading in the green zone today as trade wars relax and investors enter the market. BTC continues to dominate the market with a 63.5% share of the market, while ETH takes 8.3% of the market. As the bull cycle begins, here are the best cryptocurrencies to buy today.
Best Cryptocurrencies to Buy Today
1. Bitcoin (BTC)
The top cryptocurrency is trading at $102,910 after breaching the $100,000 resistance zone yesterday. This represents a 4.13% increase in the last 24 hours. In addition, the trading volume has increased 32.75% to $66.05 billion, while the market cap stands at $2.04 trillion.
The rise of BTC above the $100,000 mark comes as trade wars relaxed with a major trade agreement announced by President Trump. The United States reached a trade agreement with the UK to reduce tariffs on UK automobiles and steel. In response, the UK will remove the digital tax it had imposed on American tech firms.
🚨 BREAKING: The UK-US trade deal
– 25% US tariff on UK steel and aluminium scrapped entirely
– 100,000 UK cars per year to enter US with reduced 10% tariff, then 27.5% applies
– $10bn UK airline deal for Boeing planes in return for Rolls-Royce engines and parts for… pic.twitter.com/IOSMEpUyKN
— Politics UK (@PolitlcsUK) May 8, 2025
Meanwhile, the rally is also supported by institutions buying, with major corporate holders such as Strategy and Metaplanet stacking up on their reserves. In addition, spot Bitcoin ETFs experienced a net inflow of $117 million on May 8. The combination of positive macroeconomic factors and institutional buying is likely to keep the coin above $100,000.
On May 8, Bitcoin spot ETFs saw a total net inflow of $117 million. Ethereum spot ETFs experienced a total net outflow of $16.11 million, marking three consecutive days of net outflows. https://t.co/SF4brkkBta
— Wu Blockchain (@WuBlockchain) May 9, 2025
2. Ethereum (ETH)
The second largest cryptocurrency is trading at $2,247, an 18.84% increase in the past day. Moreover, the trading volume has risen 106.9% to $38.15 billion. Meanwhile, the market cap of ETH stands at $271.37 billion.
Ethereum whales are accumulating, and the move has driven the price above the key $2,000 resistance. In addition, the recent implementation of the Pectra testnet is expected to revive activity on the ETH network. According to Lookonchain, Abraxas Capital withdrew 49,644 ETH from three major exchanges. The firm made 3 major withdrawals in the past day. The withdrawal signals their intention to hold the coins for the long term in their private wallets.
Institutions are accumulating $ETH.
Abraxas Capital has withdrawn 49,644 $ETH($92M) from #Binance and #Kraken today.https://t.co/vZTxLPcuJS pic.twitter.com/HcK8zyBocP
— Lookonchain (@lookonchain) May 8, 2025
According to analyst Ali, Ethereum reclaimed the critical $2,140 to $2,350 zone. This range has acted as both strong support and resistance before. According to him, bulls must push above $2,350 to confirm a full breakout. If Ethereum holds above $2,140, momentum could continue. The next resistance appears near $2,600. A clear breakout can open the path to $3,000.
This is a very important level for #Ethereum $ETH! pic.twitter.com/c0pWVssYY3
— Ali (@ali_charts) May 9, 2025
3. Solana (SOL)
SOL is currently trading at around $163.35, with an 8.62% increase in the past day. Its trading volume has increased by 22.11% to $6.04 billion, while the market cap stands at $84.78 billion.
According to an analysis of the weekly chart by Analyst Ali, Solana has formed a clear cup and handle pattern. The neckline resistance sits near $200. The handle broke out from a falling wedge. Bulls aim to reclaim the $200 resistance zone. A breakout above the resistance level confirms the bullish pattern. Price must hold above $140 to maintain momentum. Solana could surge higher if it clears the $200 barrier convincingly.
#Solana $SOL clearing the $200 mark could spark a massive bull run! pic.twitter.com/VqThvz1xvX
— Ali (@ali_charts) May 8, 2025
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Austin Mwendia
Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance.
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