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The crypto market today is all green, showing renewed investor confidence. The global market cap as of 10.38 am on 23 April 2025 is $2.
93 trillion, up by 6.35%. Bitcoin leads the charge with a notable 5.
98% rise to $93,446. Ethereum follows closely with a 13.61% increase.
Altcoins rallied with Dogecoin and Solana registering significant gains. The market's upswing is driven by Bitcoin solidifying its status as a safe haven among ongoing macroeconomic uncertainties. Notable events like the Pope's death have sparked a meme coin rally.
Trump's crypto strategy and the potential increase in US bitcoin reserve further fuel the crypto bull run. Let’s explore the rising crypto price today of the top ten major tokens, along with factors that are driving the positive momentum. Bitcoin crossed the $90K resistance today, reaching $93,446.
58. It is up by 5.98%, increasing its market cap to $1.
85 trillion. The largest cryptocurrency in the world experienced a trading volume of more than $56 billion. The massive volume indicates healthy bullish activity and increased investor confidence.
Bitcoin makes up 60% of the overall crypto market with a circulating supply of 19.85 million BTC. Alex Svanevik, CEO of the crypto intelligence platform Nansen, noted that Bitcoin has been decoupling from traditional stock markets.
However, Svanevik warns that while BTC has been resilient, it is still vulnerable to fears of a recession. This is significant as a recent JPMorgan report points to the probability of a US recession growing from 40% to 60% in 2025. Ethereum rose 13.
61% over the last day. The second-largest cryptocurrency is now trading at $1,796.69 with a market cap of $216.
88 billion. Ethereum's 24-hour volume is at a whopping $25.21 billion.
Ethereum also has a current circulating supply of 120.71 million ETH. The meme currency jumped 14.
56% to $0.1841. Its market capitalization has soared to $27.
42 billion with support from a trading volume of $1.84 billion. With a circulating supply of 148.
96 billion DOGE . Solana (SOL) is also on the move, rising 8.97% in a day to $151.
42. Its market capitalization is now at $78.33 billion, with more than $4.
78 billion in 24-hour trading volume. Recently, approximately 11 million SOL tokens, valued at around $1.6 billion, were unlocked from the FTX estate.
Huge inflows typically push the crypto prices down. However, according to Matthew Nay, a research analyst at Messari, the influx renewed investor interest in Solana. Nay described that the token was oversold.
He stated that the upcoming updates to the network, including the Firedancer validator client, have driven the surge in SOL . XRP, at $2.23, experienced a 7.
65% increase and has a market capitalization of $130.79 billion. It had a 24-hour trade volume of $4.
62 billion, which continues to capitalise on positive sentiment due to legal clarity in the US markets. Cardano (ADA) also recorded significant gains, rising 11.85% in value to $0.
6970. Its market capitalization is now at $24.59 billion, with a trading volume of $954 million.
With more than 35.29 billion ADA in circulation, its price surge is driven by growing smart contract integrations. TRON (TRX) experienced a mild increase of 0.
51%, selling for $0.2479. Its market cap is $23.
54 billion, with a 24-hour volume of $722.96 million. The token has a circulating supply of 94.
94 billion TRX. Stablecoins were stable as predicted, with Tether (USDT) at $1.00 and USD Coin (USDC) at $0.
9997. Tether is the market leader, with a market capitalisation of $145.29 billion and an impressive $103.
23 billion in trading volume. On the other hand, USDC has a market capitalisation of $61.73 billion and a daily trading volume of $15.
05 billion. Bitcoin's resilience amidst global trade tensions has caught investors' attention. Its safe-haven status is further bolstered by the US government's plan to build a Strategic Bitcoin Reserve.
The reserve may be funded through tariff revenues and executive orders, potentially enhancing Bitcoin’s global standing. Despite concerns about a 2025 US recession, including a 60% chance of it, Bitcoin continues to rise. Additionally, the Pope’s death ignited the meme coin rally, with LUCE, a Solana-based token, surging by 134%.
Similarly, Solana tokens like FRANCIS and RIP POPE gained substantial momentum. While the market ramps up, optimism among investors is on the rise. Analysts indicate that macroeconomic uncertainty, ETF inflows, and the acceleration of blockchain adoption are driving this surge.
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