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The crypto market today as of 10.10 am on March 24, 2025, is rallying with major cryptos seeing massive gains. Bitcoin broke the $86,000 barrier as Solana posted the biggest 24-hour gain of 6.59%. The combined market capitalization of Bitcoin stands at $1.72 trillion, keeping its leadership in the altcoin market intact. Ethereum and XRP also registered small gains, with TRON (TRX) being the lone token in the top 10 to fall, it is down 4.77%.
Bitcoin remains strong, rising 3.32% over the past 24 hours to trade at $86,883.44. Its market capitalization has crossed $1.72 trillion, and its daily volume is $16.86 billion. BTC's rising price is driven by strong institutional demand and optimism for future blockchain innovations.
Ethereum is up by 1.49% and is currently trading at $2,031.48. It has a market capitalization of $245 billion and a 24-hour volume of $9.14 billion. ETH is showing consistent growth. Investors are closely observing Ethereum as network updates keep enhancing scalability and transaction efficiency.
Solana is the current leader, up 6.59% to $138.71. Its market capitalization is $70.92 billion, with daily trading volume at $2.48 billion. The rise is due to the increased adoption of decentralized applications built on Solana and its ongoing status as a solid Ethereum rival.
While the majority of the other top 10 cryptocurrencies have posted gains, TRON has decreased by 4.77% over the last 24 hours, reducing its price to $0.2274. Market cap stands at $21.60 billion as daily trading volumes have fallen to $614 million. Investors remain keen on knowing if TRX will recover strength or if this bearish sentiment will prevail.
Stablecoins like Tether (USDT) and USD Coin (USDC) stay static at $1.00 per token. Tether's market cap is $143.49 billion, with a daily trade volume of $46.28 billion, the most traded asset of the current day.
XRP has gained 2.84%, trading at $2.45, with a market cap of $142.60 billion.
BNB is up 0.36%, trading at $624.82, with a market cap of $89.02 billion.
Dogecoin (DOGE) rose by 4.32%, exchanging hands at $0.1753 with a market cap of $26.05 billion.
Cardano (ADA) rose by 1.70%, trading at $0.7226 with a market cap of $25.46 billion.
The Federal Reserve's choice to keep interest rates and highlight economic resilience sent investor confidence surging. The SEC abandoning its appeal against Ripple Labs sent positive vibes, lifting XRP. Solid economic fundamentals such as low unemployment and consistent GDP growth boosted demand for risk assets.
Speculation in the market is high, with a 61% probability of Bitcoin hitting $110,000 in 2025 according to Betting Markets. Analysts point to positive policies and institutional investment as the driving forces. All these factors are behind the recent crypto market rise. However, investors should stay vigilant as the sector is expected to continue its high volatility.
