1 week Ago
Crypto market cap as of 10:19 AM is down by 0.16%. to $2.
95T. BTC and ETH are down by 0.09% and 0.
86%, while altcoins rally, with XRP leading gains at 4.65% among the top 10 cryptos. The crypto market today sees mixed sentiments.
Major cryptos like Bitcoin and Ethereum experience minor corrections of 0.09% and 0.86%.
Altcoins, on the other hand, rallied with XRP leading the gains as ADA followed with a rise of 2.11%. Stablecoins such as USDT and USDC hold steady at $1.
Let’s explore the crypto price fluctuations today to understand what to expect from the market in the coming days. The current Bitcoin price is $94,153.14, down 0.
09% in the last 24 hours. Market capitalization remains strong at $1.87 trillion, with a trading volume of $18.
29 billion. It has an estimated 19.85 million BTC in supply.
Ethereum (ETH), on the other hand, fell by 0.86% to $1,791.48.
Market cap is $216.28 billion with a daily volume of $11.32 billion.
Despite this temporary decline, large investment companies are investing heavily in cryptocurrencies, particularly Bitcoin. Adam Back, the CEO of Blockstream and the creator of Hashcash, pointed out, "Firms like Strategy, which have taken on Bitcoin treasuries, are driving the lead on what some describe as hyperbitcoinization." Hyperbitcoinization refers to a future in which Bitcoin surpasses fiat currencies globally.
Adam Back went on to say that Bitcoin's market cap may reach over $200 trillion, fueled by these changes. Firms such as Strategy are capitalizing on what Back termed a ‘logical and sustainable arbitrage,’ charging hard into Bitcoin treasury reserves. Co-founder Michael Saylor recently indicated that Strategy's Bitcoin holdings have earned more than $5.
1 billion in profit since January 2025. In Asia, Metaplanet, known as ‘Asia's MicroStrategy’, has already invested more than 5,000 BTC. The company aims to acquire 21,000 BTC by 2026.
Thus, revealing a global corporate shift towards using Bitcoin as a store of value. Among the altcoins, XRP was in the limelight today with a notable 4.65% increase to $2.
27. Its market capitalization stood at $133.14 billion, with $4.
04 billion in daily trade volume. Cardano (ADA) too impressed, increasing 2.11% to $0.
7169. Its market capitalization is $25.31 billion, reflecting growing investor confidence.
BNB recorded a modest 0.46% gain to $604.48, while Solana (SOL) rose 1.
14% to $149.33. Meanwhile, TRON (TRX) lagged, down by 3.
32% to $0.2445. TRON's market cap stands at $23.
22 billion. USDT is quoted at $1.00, with a tiny 0.
01% correction and staggering $46.60 billion in trading volume for the day. USDC is also pegged at $1.
00, representing a slight 0.01% gain, and has seen $6.54 billion in trading volume within the last 24 hours.
Tether (USDT) and USD Coin (USDC) continue to serve as safe havens during periods of overall market volatility. Stablecoins are serving as sources of liquidity and stability for conservative investors. Dogecoin (DOGE) is trading at $0.
1797, showing a slight 0.25% gain. In the past, Dogecoin's price bottomed at about $0.
10, with a tendency to rebound after it touches that point. Analysts, however, remain doubtful this time. Dogecoin's recoveries are usually short-lived, and its long-term trend is unclear.
Bitcoin is increasingly being seen as a secure asset, taking over the traditional assets. NYDIG Research emphasized, "Historically, cash (the US dollar), bonds (US Treasuries), the Swiss Franc, and gold have fulfilled that role [safe haven], with bitcoin edging in on some of that territory." Bitcoin has been acting less like a speculative instrument and more like a store of value since the announcement of US trade tariffs.
"Bitcoin has behaved less as a levered liquid version of levered US equity beta and more as the non-sovereign issued store of value that it is," NYDIG said. Recently, the US Federal Reserve has withdrawn its 2022 guidance. The guidance advised banks not deal in crypto-related assets and dollar-token activities.
Thus, opening the doors to more institutional adoption of Bitcoin. According to Michael Saylor, this will enable banks to adopt Bitcoin openly, accelerating its integration into the global financial system. The crypto market shows a world that's slowly shifting towards Bitcoin and digital tokens over traditional financial instruments.
More and more blue-chip companies are expanding their Bitcoin and altcoin agendas. Thus, presenting mixed yet encouraging signs for the future of crypto. Investors must remain cautious, as short-term volatility is expected to persist.
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