The crypto market today reached a total market capitalization of $3.56 trillion, surpassing Apple’s $3.5 trillion value and becoming the largest company globally. In the last 24 hours, the market showed a 2.3% increase while maintaining trading volume at approximately $152 billion. Bitcoin (BTC) $105,855 rose above the $102,000 mark, fueled by optimism surrounding Trump’s upcoming presidential decision. Additionally, Hedera (HBAR) and FARTCOIN recorded a notable increase of 20% within the same timeframe.
Bitcoin and Ethereum Market Insights
The prospect of Donald Trump’s presidency has heightened optimism in the crypto market. Anticipations are building that the SEC will introduce friendlier regulations and clearer token guidelines. Cooling inflation data supports expectations for interest rate cuts from the Fed. Today, BTC gained 1.5%, while ETH saw a 3% increase.
Performance of XRP and Solana
XRP reached $3.31 with a 10% increase over the past 24 hours. Its weekly gain stands at 45%, and the three-month gain is around 500%. Ripple $3‘s CEO, Brad Garlinghouse, indicated that US crypto reserves could include XRP, SOL, and USDC. Meanwhile, Solana $217 also achieved a 5% increase, reaching $212, with a market value of $103 billion.
The daily top gainers included Hedera (HBAR) and FARTCOIN with a significant 20% rise. In contrast, the biggest losers were ai16z and Virtuals Protocol, which fell by 12% and 5.68%, respectively. Meme coins followed a positive trend, with Dogecoin $0.416678 and Shiba Inu increasing by 3% and 2%. However, Bitcoin experienced a 1% decline in recent hours.
The crypto market continues to be supported by potential improvements from Trump and the Fed’s interest rate policies. The rises in major cryptocurrencies reflect overall market sentiment, while fluctuations in meme coins maintain investor interest.