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Bitcoin trades at $107,373, up 0.86%, with institutional buying driving positive sentiment.
XRP and TRON lead gains among top altcoins, rising 3.07% and 2.17% respectively.
Global crypto market cap rises 0.80% to hit $3.34 trillion.
Coinbase and Gemini are close to receiving licenses under the EU MiCA regulation.
Michael Saylor offers to help shape Pakistan’s national crypto strategy.
The global crypto market began the week on a cautiously bullish note, climbing 0.80% to a total valuation of $3.34 trillion. Institutional interest and regulatory clarity across Europe and Asia have fueled the ongoing rally. While Bitcoin remains steady, altcoins like XRP and TRON are showing stronger momentum today.
Let’s take a look at how the top ten cryptocurrencies are performing.
Bitcoin is holding strong at $107,373.11, marking a 0.86% increase in the past 24 hours. It maintains a market capitalization of $2.13 trillion, with a 24-hour trading volume of $53.21 billion.
The rally comes amid news that Michael Saylor, Executive Chair of Strategy, is advising Pakistan on its national crypto approach. Strategy remains the largest holder of Bitcoin among public companies, holding over 582,000 BTC.
Sharing his thoughts on Bitcoin’s current market scenario, Avinash Shekhar, Co-founder and CEO, Pi42, said, "Bitcoin is showing signs of strength once again, bouncing back above $107,000 following a boost from institutional interest and positive market developments. The filing of a Bitcoin and Ether ETF by Truth Social and Strategy’s $1 billion BTC purchase has added fuel to the recovery, signaling continued confidence in the digital asset. Ethereum is also gaining traction, supported by strong ETF inflows and historically low exchange reserves. However, caution lingers around some altcoins. Dogecoin must defend key support levels to avoid a sharp drop. The overall market is showing mixed signals, but leadership from Bitcoin and Ethereum is keeping the core sentiment cautiously bullish."
Ethereum has gained 0.64%, trading at $2,594.03. Its market cap stands at $313.15 billion, with $24.49 billion in daily trading volume. Whales continue to accumulate ETH, aligning with rising expectations of ETH ETF approvals in the US and Europe.
XRP is the best performer today among major tokens, up 3.07%, and trading at $2.24. Its market capitalization is $132.18 billion, supported by $5.25 billion in volume. The surge follows $11.8 million in fund inflows last week, ending a three-week outflow streak.
TRON gained 2.17%, priced at $0.2765, with a market cap of $26.22 billion and trading volume of $1.52 billion. TRX is showing strong usage in DeFi and payments, particularly across Asian markets.
Also Read: Cryptocurrency Market Report (May 2025): Bitcoin Reach New ATH, Altcoins Soar
BNB rose 0.57%, reaching $656.09, with a market cap of $92.43 billion. Meanwhile, Solana (SOL) dropped slightly by 2.30%, trading at $153.21, despite being one of last week’s top performers. Solana remains active in the NFT and DeFi sectors but appears to be in a brief correction phase after recent highs.
Dogecoin (DOGE) is trading at $0.1743, down 1.61%. Its market cap is now $26.11 billion, and trading volume is at $1.32 billion. Retail interest appears to be fading, affecting short-term price action.
Cardano (ADA) slipped 1.09% to $0.6342, with a market cap of $22.42 billion. Volume stands at $752 million. ADA has seen reduced developer activity, despite a loyal long-term holder base.
Stablecoins have remained stable with minor fluctuations:
Tether (USDT) holds at $1.00, with a market cap of $155.53 billion and $87.42 billion in trading volume. USD Coin (USDC) is at $0.9998, down 0.02%, maintaining a market cap of $61.64 billion.
According to Reuters, Coinbase is set to secure its EU license via Luxembourg, while Gemini will obtain approval through Malta. Both aim to comply with the MiCA (Markets in Crypto-Assets) regulations, effective since June 2024. This move follows Bybit receiving EU approval via Austria, showing a trend of regulatory-driven expansion into Europe.
Crypto investment products recorded $1.9 billion in inflows last week, extending a 9-week streak. Bitcoin ETPs alone attracted $1.3 billion, while Ether funds added $583 million—their best weekly gain since February. XRP and SUI also joined the trend with $11.8 million and $3.5 million in inflows respectively, signaling diversified investor interest.
Michael Saylor met with Pakistan’s Finance Minister Muhammad Aurangzeb and State Minister Bilal Bin Saqib, offering to assist in forming national crypto strategies. Saylor emphasized Bitcoin’s role as a reserve asset and praised Pakistan’s tech potential. Strategy’s holdings now exceed $61 billion in BTC, funded by equity and debt offerings.
Today’s crypto market shows a blend of institutional support and regulatory clarity driving gains. Bitcoin’s move above $107K and altcoin inflows reflect market resilience. However, volatility may persist, especially with ongoing geopolitical developments and shifting global regulations. Key players like Ethereum, XRP, and TRX continue to attract capital, keeping the bullish narrative intact.
