The crypto market surged on Monday, reclaiming a total market capitalization of $3.1 trillion, according to CoinGecko. The bullish momentum comes amid growing anticipation for U.S. President Donald Trump’s upcoming 100-day speech to Congress, expected to touch on cryptocurrency regulations and possibly the adoption of Bitcoin as part of strategic reserves.
Bitcoin Breaks $95K Amid Massive ETF Inflows
Bitcoin (BTC) surpassed the $95,000 level, fueled by record-setting inflows into Bitcoin exchange-traded funds (ETFs). Over the last six trading sessions, these ETFs have absorbed around $3.16 billion in BTC, signaling strong institutional interest. This trend has been partly driven by President Trump's recent criticism of Federal Reserve Chair Jerome Powell and his push for interest rate cuts. Although the CME Group’s FedWatch tool shows only an 8.9% chance of an imminent rate cut, the market remains optimistic.
Monero Steals the Spotlight
Monero (XMR) emerged as Monday’s standout performer, soaring more than 15% to $274.34. The surge follows a controversial $333 million transaction involving Monero, reinforcing its appeal as the leading privacy-focused cryptocurrency. As a result, Monero became the most-searched crypto asset on CoinGecko, capturing significant investor interest.
Altcoins Ride the Wave
The bullish sentiment extended to altcoins:
Sui (SUI) rose 2.3% to $3.80, buoyed by developments in its DeFi ecosystem.
XRP gained 3.3% to $2.32, supported by market optimism ahead of Trump’s address.
Top gainers included Casper Network (CSPR), Unipoly (UNIPOLY), and Parcl (PRCL), with respective gains of 65%, 41%, and 29%.
Despite the uptrend, some assets like TRUMP, Solana, and Dogecoin are beginning to show signs of profit-taking after recent rallies.
What’s Next?
All eyes are now on President Trump’s 100-day address. Any mention of favorable crypto policy or integration of Bitcoin into national reserves could trigger another leg up in the market. As politics and macroeconomic narratives continue to shape sentiment, investors remain on high alert for cues that could define the next major move.
