Bitcoin price has broken above $105,000, up more than 4% on the day, while pushing the total market capitalization to $3.48 trillion.
Trump's $400 billion ‘tariff dividend’ proposal fuels fresh investor confidence and liquidity across major cryptocurrencies.
CFTC confirms plan for regulated spot crypto trading to bring clarity and stability to market.
Crypto prices today are moving upward as Bitcoin breaks past $105,000, and major altcoins surge strongly. The move comes after President Donald Trump's announcement of a $400 billion 'tariff dividend' scheme for American adults has infused the market with fresh optimism and liquidity. Investor sentiment has strengthened, and the total crypto market cap stands at $3.57 trillion at the time of writing. Let's see why the crypto market is up today based on CoinMarketCap data.
Bitcoin price leads the way with a gain of 4.14%, changing hands at $105,996.60. The leading cryptocurrency's market capitalization has jumped to $2.11 trillion. Meanwhile, its traded volume in the last 24 hours stands at $68.48 billion.
Ethereum price shows even more potent momentum, surging 7.16% to $3,612.38. Having a market cap of $436 billion, the second-largest cryptocurrency today has a recorded trading volume of $34.41 billion.
XRP is the best performer for the day, up an astonishing 8.91% at $2.45. The market capitalization of the token has increased to $147.61 billion, positioning it as the fourth-largest cryptocurrency based on market value.
Solana price appreciated 6.65% to close the session at $167.23. At the same time, BNB jumped 2.60% on the day, changing hands at $1,010.66. Dogecoin surged 4.83%, touching $0.1809 with a market cap of $27.44 billion. Cardano soared 6.37% to $0.5881, with a market capitalization of $21.09 billion. TRON followed suit with a more modest 0.99% increase to trade at $0.2925 and a market capitalization of $27.69 billion.
Stablecoins Tether and USD Coin are each maintaining their dollar peg at $0.9997. USDT was holding a market capitalization of $183.41 billion, and USDC at $75.75 billion at the time of writing.
Also Read: Bitcoin Slides as AI Stock Hype Fades: Are Crypto Markets Next to Fall?
The rally in crypto prices today follows President Trump’s posting about the distribution of tariff revenues to American adults through Truth Social. The initiative will see over 85% of American adults get paid, excluding high-income earners. According to analysts, this is similar to previous stimulus checks which saw massive liquidity come into the crypto market. Bitcoin price reacted instantly to Trump's announcement, while Ethereum price leaped over 3% and XRP price added 2.3% in the initial response.
The Kobeissi Letter estimates this would amount to ‘another round of stimulus checks,’ perhaps hundreds of billions of dollars in new liquidity to risk assets, including cryptocurrencies. Trump said the payments would also contribute to paying off the $37 trillion of federal debt while boosting American manufacturing.
Besides the tariff dividend news, progress toward ending the US government shutdown has improved market confidence. According to Axios, at least 10 Senate Democrats are ready to support a bipartisan spending package that would reopen the government through January.
The potential deal includes provisions to reverse recent federal layoffs and extend Affordable Care Act tax credits. The result has been one of reduced macro uncertainty and a bolstering of investor belief that federal operations will return to normal, contributing to the positivity in crypto prices today.
On the regulatory front, Caroline Pham, the acting chair of the US Commodity Futures Trading Commission, reaffirmed plans to introduce regulated spot crypto trading products. The CFTC will proceed by using existing authority and will not wait for new legislation to do so.
Meanwhile, Pham said the agency is working toward the approval of crypto exchanges for spot trading, which might start as soon as December 2025. This regulatory clarity marks another positive factor contributing to today's market rally.
Against the broader crypto rally today, ETF flows are mixed. Spot Bitcoin ETFs have seen net outflows of $1.22 billion between November 3 and 7, marking the third-largest weekly withdrawal on record. For spot Ethereum ETFs, $508 million was left across the same period, which is also the third largest in their history.
However, spot Solana ETFs gained significant demand with $137 million in net inflows. Such demand was highly concentrated in Bitwise's BSOL, taking $127 million of the total amount. The contrast between Bitcoin price gains and ETF outflows suggests different investor behavior between traditional and spot markets.
Also Read: Will Dogecoin Surge Soon? Analyst Points to November Window
The outlook for crypto prices today continues to be bullish as liquidity expectations, easing political tensions, and upcoming regulatory clarity from the CFTC support positive momentum. With renewed investor confidence and major tokens gaining traction, analysts predict continued market resilience. However, ETF outflows and macroeconomic uncertainties may yet again test this current crypto rally over the next few weeks.
1. Why did the crypto market rally today?
The rally was sparked by President Donald Trump's announcement to distribute $400 billion in tariff revenues to American adults. This stimulus-like plan boosted investor confidence, leading to increased liquidity and demand across major cryptocurrencies, including Bitcoin, Ethereum, and Solana.
2. How high has the Bitcoin price risen today?
Bitcoin surged past the $105,000 mark, up 4.14% over the past 24 hours. The move brought its total market capitalization to over $2.11 trillion, marking one of its strongest sessions this year.
3. What were Ethereum and XRP's roles in today's rally?
Ethereum and XRP registered stronger percentage gains relative to Bitcoin. Ethereum climbed 7.16% to $3,612.38, while XRP jumped 8.91% to $2.45, reflecting the higher investor appetite for altcoins to complement Bitcoin's dominance.
4. How does Trump's tariff dividend plan affect crypto markets?
The proposed distribution of $400 billion is likely to inject liquidity into financial markets, similar to the effect of stimulus checks in the past. This, in turn, means a higher inflow into risk assets, including virtual currencies, tends to drive up prices.
5. What are some of the current regulatory happenings around crypto?
CFTC Acting Chair Caroline Pham confirmed the plan to offer regulated spot crypto trading products within the timeline of December 2025, providing some semblance of oversight, building trust, and making it safer for investors worldwide.
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