The crypto market today, at 10:30 AM GST on 1 May, 2025 is down by 0.26% to $2.96T. Bitcoin price continues to hover around $94.8K. Solana and TRON show slight gains of 0.66% and 0.85%.ETF delays, TOKEN2049 buzz, and stablecoin demand are influencing market sentiment.
The crypto market is navigating cautiously, with top tokens showing mixed momentum. Bitcoin and Ethereum are slightly down by approximately 0.10%. Altcoins have followed suit with minor dips, except Solana and TRON. Stablecoins, USDC, and USDT continue to provide a hedge against volatility with steady market performance.
Let’s explore the crypto prices today of the top tokens and an analysis of their market performance over the last 24 hours to make informed decisions.
Bitcoin (BTC) price is at $94,881.27, falling 0.11% over the last 24 hours. Its market capitalization is $1.88 trillion. It has a 24-hour trading volume of $28.58 billion. Bitcoin is still down around 12% from its all-time high, but investor interest remains strong.
It’s important to note that despite the recent downturn, Bitcoin’s Realized Capitalization has now reached a record level of $882.2 billion, beating its previous All Time High. Such an accumulation of Realized Cap has historically been followed by a bullish rally. Thus, analysts expect the largest cryptocurrency to explode soon.
Ethereum (ETH) is trading at $1,809.39, down by 0.10%. The market cap is $218.45 billion and it has a daily volume of $15.04 billion. SEC delays in making decisions on Ethereum staking ETFs have contributed to this slight decline.
BNB is trading at $599.93, down 0.63%. XRP dropped 2.10% to $2.20. Cardano (ADA) declined by 2.24%, trading at $0.6863, while Dogecoin (DOGE) is down by 1.12% to $0.1740. However, DOGE may recover with the possibility of conventional brokerages listing a Dogecoin ETF soon.
Among the winners, Solana (SOL) is up by 0.66% to $148.44, with a market cap of $76.87 billion and $2.98 billion volume. TRON (TRX) showed gains of 0.85% to $0.2461. Thus, demonstrating strength in Layer 1 assets.
Stablecoins, such as Tether (USDT) and USD Coin (USDC), remain pegged to $1. The market cap of USDT is $148.72 billion, with a volume of $60.66 billion, while that of USDC is $61.51 billion and $9.78 billion.
Stablecoins remain a force behind crypto's positive economic narrative. Since Stripe acquired Bridge for $1.1 billion, the demand for stablecoins has boomed. As one crypto VC said, "Stablecoins are remaking the global payments landscape."
Growth in emerging markets, such as Nigeria, is driving the adoption. Tether has emerged as the seventh-largest owner of US Treasury debt, bolstering the US dollar’s position as the default global reserve currency.
Experts are cautiously optimistic regarding the future of the crypto market. Geoff Kendrick of Standard Chartered believes that Bitcoin has the potential to hit $120,000 in mid-2025. He stated that the growth will be driven by rising institutional adoption and favorable macroeconomic conditions. Past trends suggest that Bitcoin may surpass $150,000 by the end of 2025.
Ethereum 2025 predictions are also optimistic. The demand for tokenized assets and potential regulatory certainty in decentralized finance (DeFi) sectors is expected to drive growth.
Meanwhile, Dubai’s TOKEN2049 conference has attracted global attention. Approximately 15,000 crypto enthusiasts have gathered in the Gulf, hopeful for long-term growth in the industry. The summit features speakers such as Eric Trump, as well as executives from BlackRock and Goldman Sachs, reflecting an increase in institutional participation.
Miklos Veszpremi, COO of a Web3 streaming platform, discussed the crypto market recovery amid Trump Tariffs and rising geopolitical tensions at the Dubai summit. He said, "In the long run, it's going to be good for crypto, but it depends on the world economy recovering again."
It remains to be seen if the summit and Trump crypto moves will result in a crypto price hike or downfall. For now, traders and investors can diversify their portfolios and stay informed.