Crypto Prices Today: Bitcoin Price Hits $111K, Ethereum Nears $2,650

Crypto market is up today on Bitcoin price hike and altcoins rally: How long will the bull run continue?
Crypto Prices Today: Bitcoin Price Hits $111K, Ethereum Nears $2,650
Written By:
Aayushi Jain
Published on

Key Takeaways

  • Bitcoin price jumps to $111,474, up 3.90%, fueled by institutional buying and ETF buzz.

  • Ethereum trades at $2,627, with network demand and upgrades driving growth.

  • Altcoins rally, with Cardano and Dogecoin gaining over 4%, reflecting increased retail interest.

The crypto market is up today by 3.58% to $ 3.51T as of 10.30 AM on May 22, 2025. It is showing strong bullish sentiment. Bitcoin’s breakout above $111K is leading a market-wide rally, while major altcoins are also showing strong gains. This comes amid easing global trade tensions. Other macroeconomic factors like the US sovereign debt downgrade by Moody’s, and speculation around ETF approvals across Asia and Europe have also driven the crypto prices up today.

Crypto Prices Today

The crypto prices today are all in green since Bitcoin’s price break above $111K. Let’s examine the top ten cryptocurrencies to see what the market may do next.

Bitcoin (BTC) Crosses $111K, Market Cap Soars Past $2.2T

Bitcoin is trading at $111,474.32, up 3.90% over 24 hours, with a $2.21 trillion market cap. The 24-hour trading volume is $89.84 billion, and the circulating supply is 19.86 million BTC.

What’s Driving the Bitcoin Price Surge?

Bitcoin ETFs saw strong inflows this month, with Abu Dhabi’s sovereign wealth fund expanding its exposure. Options markets have also turned active, with open interest surging on $110K, $120K, and even $300K call options on Deribit, all expiring on June 27. There is a notable shift in investor sentiment towards holding BTC for long-term. The shift is spurred by aggressive Bitcoin buying by Michael Saylor’s Strategy

Mr. Pankaj Balani, Co-Founder & CEO, Delta Exchange explained, “Bitcoin posted a new all-time high of $110,981, marking a strong bullish resurgence after months of consolidation. The breakout above the key resistance levels of $104,000 and $108,000 now establishes them as solid support zones. The push beyond the ATH was strong and with good volume activity. As the momentum continues, we can see the BTC price move through the key resistance zone between $112,000 and $115,000. Traders are going to be monitoring consolidation and support retests to assess the strength of the upward move here.

Raj Karkara, COO, ZebPay noted how the Bitcoin price rise today is beneficial for the whole crypto market. He commented, “Bitcoin’s new all-time high crossing $111,000 is more than a headline. It is a catalyst for the entire digital asset economy. This milestone is a sign that crypto is maturing and shaping a strong foundation for the long-term. As Bitcoin rises, it brings renewed credibility and capital into the space, creating a ripple effect that benefits altcoins, blockchain innovations, and Web3 development. It unlocks confidence, attracts more infrastructure investment, and encourages regulatory stability.

Bitcoin Pizza Day, celebrated today, marks a defining moment in crypto history. What began in 2010 as a quirky exchange of 10,000 BTC for two pizzas has become a powerful symbol of how far Bitcoin has come. In reaching this height, Bitcoin is not just elevating itself. It is lifting the entire ecosystem with it and paving the way for a more mature, inclusive, and decentralized financial future.”

Ethereum (ETH) Holds Strong Above $2,600

Ethereum is priced at $2,627.60, up 3.07%, with a $317.22 billion market cap and a $36.09 billion trading volume. The circulating supply stands at 120.72 million tokens.

Harish Vatnani, Head of Trade at ZebPay, shared, “The asset currently faces strong resistance at $2,850. If it breaks and closes above this level with good volumes, we can expect prices to rally further to $3,000 and $3,350.”

Ethereum’s recent surge from $1,385 to current levels represents a 97% increase. Momentum is being driven by the upcoming Dencun upgrade, Layer-2 growth via Arbitrum and Optimism, and steady staking interest.

Stablecoins Hold Steady

Stablecoins continue to be crucial liquidity anchors during bullish runs.

Tether (USDT)
remains at $1.00, with $151.93 billion in market cap and $137.71 billion in daily trading volume. Circulating supply is 151.9 billion USDT.
USDC holds at $0.9999, with minimal volatility and a $61.09 billion market cap. It remains vital across DeFi protocols and exchanges.


Also Read: Crypto Market Today: Guatemala Bank, Tron USDT Mint, & BlackRock Bitcoin ETF Growth

Altcoins Rally on Bitcoin Price Surge

The other major altcoins are reacting to Bitcoin explosive rise and favourable regulatory scenario across the world. 

XRP trades at $2.41, up 1.84%, with a $141.75 billion market cap. The token’s upward momentum is tied to Ripple’s partnerships in the Middle East and recent legal victories against the SEC.

BNB has risen 3.20% to $682.68. With a $96.18 billion market cap and growing usage of BNB Chain in DeFi and GameFi, investor sentiment is strengthening.

Solana (SOL) is trading at $176.53, up 3.63%, with a market cap of $91.80 billion. Solana’s developer adoption, low transaction costs, and NFT activity continue to support its growth.

Cardano (ADA) has surged to $0.7902, rising 4.42%. The Mithril upgrade, dApp expansion, and growing developer interest are catalyzing ADA’s bullish trend.

TRON (TRX) is at $0.2708, gaining 0.41%, with a $25.70 billion market cap. The network’s DeFi and stablecoin integrations are helping maintain momentum.

Dogecoin (DOGE) is trading at $0.2406, up 4.51%, with strong social media sentiment and updates to the Dogechain roadmap fueling the rally. DOGE has a market cap of $35.94 billion.

Pi Coin’s rebirth although a surprising event, can be an indicator of the overall positive market sentiment. The token is still in its early market phase, surged 10% to $0.86, settling around $0.84, according to Coinpedia. Backed by a $100M ecosystem fund and growing HODL interest, it eyes resistance at $0.94, with many watching for a move past $1.

Market Outlook

Crypto market is up today due to Bitcoin breaking an all-time highs and altcoins gaining traction. Institutional interest, rising spot demand, favorable US regulatory environment, Trump’s open and strong pro-crypto stance are driving the uptrend. The elimination of US and China trade war tensions have also renewed investor confidence.

The cryptocurrencies especially makpr tokens like BTC are increasingly being seen as safe haven assets. They are showing tech-stock-like momentum. The Federal Reserve’s interest rate hold at 4.25%–4.5% has provided a supportive macro backdrop. Meanwhile, the weakening dollar and Nasdaq’s 30% rise since April are further boosting sentiment.

India’s move to introduce a new digital asset taxation framework, along with ETF anticipation in the US and Asia, adds complexity to the outlook. The Fear and Greed Index at 72 shows strong bullishness, though caution is advised. Investors should stay vigilant to gain the most out of this crypto bull run.

Also Read: Top Crypto Websites to Follow for Latest News and Insights in 2025

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