Why is Crypto Going Up Today: Will the Bull Run 2025 Continue or Crash
The crypto market is shining green today! The global cryptocurrency market cap has reached $3.22 trillion, marking a 5.56% rise in the past 24 hours. The total trading volume in the crypto market over the same period stands at $163.48 billion, reflecting a 75.48% surge.
DeFi accounts for $25.67 billion, or 15.71%, of this 24-hour volume. Stablecoins contribute $154.37 billion, making up 94.43% of the total volume. Bitcoin's market dominance has dropped by 1.04% and now stands at 63.29%.
Why is Crypto Going Up Today: Fed Meeting 2025 Sparks Bull Run?
A few big things happened recently that pushed prices up. Here are the main reasons:
FOMC Meeting Outcome: The U.S. Federal Reserve (Fed) held its FOMC meeting on May 6–7 and decided to keep interest rates steady at 4.25% to 4.50%. This is the third straight time they made no changes. Fed Chair Jerome Powell said inflation is still too high, but the economy is slowing down. He explained that it's too soon to cut rates because doing that now could make inflation rise again. This steady stance has boosted investor confidence in the sector.
Bitcoin Price Breakout: Bitcoin’s price crossed the $100,000 mark for the first time in this week. It is now trading at $102,394.90, up by 5.30% today with $2.03T in market cap and $67.36B in 24-hour trading volume. Ali Martinez, already predicted this move, stating Bitcoin’s biggest challenge is to break the resistance level of $101,673.
Source: X
As Bitcoin broke the resistance level of $101,673, the next support level is around $106,500.
Pi Network Ecosystem Announcement: Pi Coin also made a strong move today. After trading between $0.57 and $0.60 for a week, Pi Coin jumped over 11% to reach $0.64 yesterday. Right now, it's holding at $0.6704 with a market cap of $4.72 billion and $170.56 million in daily trading volume. The Pi community is buzzing thanks to new announcements about its growing ecosystem. Another big update is expected on May 14, keeping the excitement alive.
Source: CoinMarketCap
Apart from Bitcoin and Pi, other cryptocurrencies, including Ethereum, XRP, and Solana, are also bullish. ETH is trading at $2,204, after an intraday spike of 15%, XRP is hovering at $2.29, after a surge of 5%, whereas Solana is standing at $161.24, after a 6% surge.
Fear and Greed Index: The Crypto Fear and Greed Index currently sits at 73 (Greed). It was at 24 (Extreme Fear) last month. This movement indicates that the investors are feeling more optimistic, which is normally a positive indication, but sometimes it means the correction could be imminent.
Will Crypto Prices Crash Again?
Though today seems like a great day for crypto, some analysts advise caution.
Robert Kiyosaki Prediction: Robert Kiyosaki recently said that Japanese car giants Toyota, Honda, and Nissan might stop selling in the U.S. If true, this could hit the economy hard, causing massive job losses and even a market crash.
Source: X
He warned that gold, silver, and Bitcoin are the best defenses in uncertain times.
Operation Sindoor 2: India and Pakistan have escalating tensions. Operation Sindoor 2, which includes drone attacks, is reportedly being carried out. Such geopolitical incidents may destabilize both the stock and crypto markets.
Conclusion
The crypto market today is enjoying a strong bullish day based on the mixed news from the Fed, the rally of the price of Bitcoin, and the latest hype surrounding Pi Network. But it all depends on global events such as trade war or military strikes that may produce instant fluctuations. Investors should remain on guard and do their homework before making a move.
Disclaimer: The article is for information only. Always make sure to do your own research before investing any money in cryptos.
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