Crypto Prices Today: Bitcoin Price Nears $100K, Ethereum Soars by 3.96%
Price Analysis

Crypto Prices Today: Bitcoin Price Nears $100K, Ethereum Soars by 3.96%

Crypto market today surges 2.95%, altcoins surge amid Fed optimism

Written By : Aayushi Jain

The crypto market today has surged by 2.95%, with Bitcoin nearing $100,000. Altcoins like Ethereum, XRP, Solana, and Cardano have also posted strong gains. The US Fed's recent policy of the injection of liquidity is driving the bullish sentiment. Meanwhile, political uncertainty and regulatory concerns regarding stablecoins are creating a mixed outlook for the industry.

Crypto prices today are green as the market rides a wave of bullish momentum. Bitcoin price has neared the $100K mark, altcoins have posted impressive gains. The global market cap has now reached $3.07 trillion. The US Federal Reserve’s recent decision to maintain interest rates, has spurred investor confidence. However, regulatory uncertainty and the rise of speculative tokens based on building tensions between India-Pak, concerns investors.

Crypto Prices Today

Let's look at notable price action in the top ten cryptocurrencies to understand what to expect in coming days:

Bitcoin Nears $100K

Bitcoin (BTC) remains at the forefront of the market with a 24-hour appreciation of 2.71%, and its current price is $99,095.94. With a market capitalization of $1.97 trillion and over $48.27 billion in trading volume, Bitcoin attracts massive investor interest. The circulating supply is 19.86 million BTC.

Analysts credit this momentum to the Fed's tone, combined with its May 5 $20.5 billion Treasury bond purchase, indicates an injection of liquidity, a traditionally bullish influence on Bitcoin.

"When the Fed Funds rate is higher than the 'neutral' rate, the American economy will slide into recession or stagnation," observes economist Jim Paulsen. He highlighted the growing popularity of crypto as a hedge.

Adding further momentum to Bitcoin's path is the decline in the US Dollar Index (DXY) below 100 and a 12% jump in gold prices. Both events mirror increasing skepticism in fiat systems and increased demand for scarce, inflation-resistant assets.

Altcoins Display Bullish Trends

Altcoins are on a bull run, reflecting general positivity in the crypto sector amid Fed policy confusion:

Ethereum: ETH has increased by 3.96% to $1,898.85, with a market capitalization of $229.25 billion and trading volume of $17.81 billion. The circulating supply is 120.73 million ETH.

XRP: It increased by 2.01% to $2.18, taking its market capitalization to $128.01 billion. With 58.5 billion XRP in circulation, it continues to be one of the best-performing altcoins.

Binance Coin: BNB climbed 0.95% to $609.07, while it holds a market cap of $85.81 billion with 140.88 million BNB in circulation.

Solana: SOL went up 3.61% to $151.20, backed by a market cap of $78.45 billion and a solid trading volume of $4.78 billion.

Cardano: ADA rose 3.64%, trading at $0.7029. It holds a market cap of $24.82 billion with 35.3 billion ADA in circulation.

TRON: TRX increased by 2.60%, trading at $0.2502 currently. The market cap is $23.75 billion with a supply of 94.91 billion TRX.

Memecoin Movement: Dogecoin Takes the Lead with a 5% Boost

DOGE posted a 5.02% increase, exchanging hands at $0.1807. Its market capitalization is $26.96 billion, trading volume is $854.75 million, and circulating supply stands at 149.17 billion DOGE. The rise follows heightened memecoin speculation and celebrity hype, such as a planned Trump memecoin dinner for elite holders.

Stablecoins Remain Steady in Face of Political Uncertainty

USDT and USDC hold strong amid the stablecoin bill controversy:

Tether:
USDT is still pegged at $1.00, with a slight 0.04% rise. It has a market cap of $149.54 billion and a huge daily trading volume of $64.88 billion, with 149.5 billion USDT in circulation.

USD Coin: USDC is also at $1.00, rising by 0.03%, with a market cap of $60.91 billion and a trading volume of $10.20 billion.

Its important to note that regulatory clarity still hangs in the balance. The future of the GENIUS Act, a bipartisan stablecoin bill, remains uncertain. This is due to allegations against President Donald Trump's for his increasing involvement in personal crypto projects.

Sen. Jeff Merkley plans to introduce the End Crypto Corruption Act. "Since the committee vote, President Trump's aggressive push to profit off stablecoins.have shown that real reforms are crucial," Sen. Elizabeth Warren said, summarizing increasing political opposition to existing crypto regulations.

Risk Alert: Operation Sindoor and Pahalgam-Themed Tokens Rise

In the midst of the market's positive sentiment, a few high-risk, event-based tokens have surfaced on decentralized exchanges. CoinMarketCap reports that a number of unverified Solana-based tokens citing Operation Sindoor and the Pahalgam terror attacks have been minted over the past few hours.

These assets are not transparent, no whitepapers, official websites, or social channels and carry serious cybersecurity and financial risks. Most are likely pump-and-dump schemes, or worse, part of scam donation or hacking campaigns.

"Speculative tokens based on impulse or current trends can be risky for retail investors," warns The Hindu Bureau. Investors are cautioned to thoroughly research and take advice from financial advisors before joining such speculative tokens.

Conclusion

The crypto prices today show a combination of macroeconomic optimism and uncertainty in regulations. Bitcoin's rise towards $100,000, accompanied by performances in Ethereum, Solana, and Cardano all point to a market-wide bull run. 

The Fed's rate-holding while also signaling increasing stagflation risks, intervention in the bond market, and weakening of the dollar all explain the recent crypto rally. However, with meme coins and non-verifiable tokens receiving attention, discretion is essential. Investors need to remain well-informed and attentive as regulatory guidelines change and risk of speculation builds.

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