Overview:

• Bitcoin is trading at $90,015.78, up by 2.79% with good volumes and market dominance.

• Ethereum and Solana are outperforming with over 3% gains.

• Japan’s interest rate outlook remains a key risk for leveraged crypto positions.

Crypto prices today made a strong recovery as Bitcoin moved past the $90,000 level. Other major coins, such as Ethereum, Solana, Ripple, and BNB, posted decent gains, while stablecoins remained steady. Strong volumes and macro-driven optimism fueled the rebound, even as investors monitored central bank signals and global liquidity risks closely. Here’s what happened in the crypto market today based on CoinMarketCap data.

Bitcoin Price Drives Market Rally

Bitcoin price is $90,015.78, with a 2.79% increase in the last 24 hours. The coin has been up by 1.33% within the last week, sustaining above the key level of $90,000. It currently has a market value of $1.79 trillion.

CoinSwitch Markets Desk noted, “Bitcoin rose 1.5% due to a short squeeze after consolidation. Thin liquidity during the session amplified the upside momentum, while steady spot buying added strength, pushing BTC above key resistance levels toward $89,000.”

CoinSwitch analysts further elaborated, “Some profit booking may emerge near the $89,000 zone as short-term traders lock in gains after the quick move. For now, BTC’s current support is placed around $88,000–$88,300, while the immediate resistance lies in the $89,500–$90,000 range, which remains the next important hurdle for the market.”

Ethereum Price Indicates Strong Momentum

Ethereum price has risen to $3,033.84, a 3.31% gain in the last 24 hours. The market cap of the second-largest cryptocurrency stands at $366 billion, with trading volume of $15.3 billion at press time. The performance of Ethereum today indicates an increased level of investor confidence in the system.

Major Altcoin Performance

Solana price is currently one of the biggest winners, with a price of $128.26, registering an increase of 3.54% in the last 24 hours. The high-performance blockchain has a market capitalization of $72.18 billion with a trade volume of $3.47 billion. 

XRP price is pegged at $1.91, with a 2.03% increase over the previous day. BNB is at $867.80, surging 3.04% over the last 24 hours. Dogecoin is up 2.68% to $0.1272, with the market cap at $21.38 billion. Cardano is up 2.70% at the price of $0.3797, with its market cap at $13.64 billion. 

TRON has increased by 0.49% to $0.2849, with a market cap of $26.98 billion and a daily volume of $444.10 million. Stablecoins are holding strong today. Tether (USDT) and USDC are trading steady at $0.9990 and $0.9998, respectively, with a whopping daily trading volume of $61.88 billion.

Also Read: Best 10 Crypto Investment Ideas for 2026: Transform and Profit

Crypto News Affecting the Markets Today

Here are the global cues impacting crypto prices today: 

Bitcoin Supports US Dollar Reserve Status, Says Coinbase CEO

Bitcoin has also been viewed from a completely different angle by the CEO of the Coinbase exchange, Brian Armstrong. According to this view, the existence of Bitcoin ensures a level of competition for the US dollar. As a result, the government has no choice but to be fiscally responsible.

Bitcoin indirectly aids the sustainability of the dominance of the US dollar by protecting it from policies issued by the Fed that may reduce confidence in the US economy. “It’s a strange way that Bitcoin is helping to prolong the American experiment,” was how he summed up his thoughts.

This comes at a time when the national debt of the US currently stands at an all-time high of 37.65 trillion dollars and rising at the rate of 6 billion per day. The Trump administration launched the ‘Strategic Bitcoin Reserve’ in March through an executive order, although at the moment it contains seized BTC and does not buy any Bitcoins on its own.

Dollar Dominance Advances with the Emergence of Stablecoins

Industry observers have suggested that stablecoins have the potential to be even more influential than Bitcoin in solidifying the status of the US dollar as the world's reserve currency. It creates demand for US debt and pushes the dollar from institutional accounts to the general public.

“Dollarisation 2.0 is playing out before our eyes. Entire economies from LatAm to Africa are basically being re-wired to digital dollars,” said Sandeep Nailwal, CEO of the Polygon Foundation.

The size of the stablecoin market has been estimated to be $312.6 billion, but according to the US Treasury, this could rise to $2 trillion by 2028. The US enacted the GENIUS Act in July, which has formulated one of the most comprehensive frameworks in this regard so far.

Bank of Japan Policy Creates Market Volatility Concerns

This follows the release of minutes that have sparked worries about possible effects on international markets, even extending to cryptocurrencies. From within the BOJ, the discussions prove that there are members who think that Japan's policy rate is still abnormally low. This, even with the ratification of raising the benchmark rate to 0.75%. This rate has not been seen in over 30 years.

"The actual policy rate in Japan is considerably low compared to other countries in the world," a member commented, implying that there must be a change in the level of monetary accommodation. Economists now see further rate hikes in the coming six months, and the terminal rate would be between 1.25% and 1.50% by 2027.

The significance of this information is that investors are borrowing money at low interest rates to invest in higher-returning assets such as cryptocurrencies. An increase in yields in Japan could result in some investors closing their leveraged positions in the crypto market. Records indicate that Bitcoin fell by over 20% after the rate decision in March and July 2024 and by over 30% after the rate hike in January 2025.

Also Read: Dogecoin News Today: DOGE Holds Double Bottom Structure as $0.15 Emerges as Key Resistance

Market Outlook

Crypto prices today are indicative of positive market sentiment against the backdrop of changes in policies by the BOJ. The fact that the market is able to sustain capital above important levels is a further manifestation of market optimism. However, market players should be cautious of possible market fluctuations driven by increased interest rates in Japan and worldwide events in the coming months.

FAQs

1. Why is Bitcoin above $90,000 today?

Bitcoin surged above 90,000 USD due to strong buying sentiment and high trading volumes. Market participants seem confident in their investments despite the macroeconomic challenges facing the world.

2. Which cryptocurrencies performed well today?

Solana registered the largest increase, more than 3.5%, followed by Ethereum, BNB, and Bitcoin. This development highlights that investors are currently opting for large market assets.

3. How does Bank of Japan's policy influence crypto markets?

Low rates in Japan are driving borrowing to invest in risk assets, such as cryptocurrency. A rise in rates might lower leveraged investments. Historically, this has led to sharp corrections in Bitcoin's value.

4. What is the function of stablecoins in the present crypto market?

The stablecoins USDT and USDC help during market fluctuations by providing liquidity. These coins enable international use of dollars in markets, thereby increasing their accessibility in crypto markets for trade and transactions.

5. Is the current crypto rally sustainable?
The rally seems robust, but sustainability will depend on global interest rates and economic indicators. Although confidence is on the up, investors must prepare for volatility if monetary policy is further tightened.