Key Reasons Why Crypto Market Is Up Today and What Next to Expect?
The global crypto market is rising once again. Today, the total market cap stands at $3.45 trillion, showing a 0.39% increase over the past 24 hours. Daily trading volume is at $104 billion, with Bitcoin dominance at 61% and Ethereum dominance at 8.9%.
This uptick is being driven by strong institutional interest, important global news, and rising investor confidence.
Why Crypto Market is Up Today?
Michael Saylor Speaks on Proof-of-Reserves: Michael Saylor, Executive Chair of Strategy (formerly MicroStrategy), recently spoke at a Blockware Solutions event. He criticized the idea of on-chain proof-of-reserves, calling it risky. Saylor said it could expose wallet addresses and make funds traceable, creating security risks for issuers, custodians, exchanges, and investors.
Although he agreed that transparency is important, especially after failures like FTX and Mt. Gox, he did not confirm if MicroStrategy would publish its own proof-of-reserves. Interestingly, the company just bought 4,020 BTC, bringing MicroStrategy Bitcoin holdings to 580,250 BTC.
Source: Bitbo
Dubai Launches Licensed Real Estate Tokenization: In a big move, Dubai has launched the first licensed tokenized real estate project in the MENA region. The project is backed by the Dubai Land Department, the UAE Central Bank, and Dubai Future Foundation.
Uses the Prypco Mint platform and Zand Digital Bank.
UAE residents can invest with as little as AED 2,000 (about $545).
All transactions will happen in the UAE dirham.
This move aims to increase liquidity and attract more global investors to Dubai’s real estate sector.
This project is powered by new rules from Dubai's Virtual Asset Regulatory Authority (VARA), showing how governments are starting to support blockchain-based real-world use cases.
ETF Inflows and Investor Sentiment Remain Strong: Another major reason the crypto is rising today is the strong inflow into Bitcoin and Ethereum ETFs.
According to data from May 23:
Bitcoin ETF net inflow was $211.74 million, with total inflows reaching $44.53 billion and $131.39 billion in assets, which equals 6.11% of Bitcoin’s market cap.
Source: SoSoValue
Ethereum ETF net inflow was $58.63 million, with $2.76 billion in total inflows and $9.12 billion in total assets, making up 2.97% of Ethereum’s market cap.
These large inflows show that interest from big investors is not slowing down. Also, prices of top coins are moving up: Bitcoin price is now at $109,589.19, Ethereum is at $2,632.38, and Solana is at $175.72.
Fear and Greed Index Indicates Solid Investor Enthusiasm
Which translates to people being upbeat, and not expecting a crash short term. When greed levels are high, it will continue to rise—but correction can occur if euphoria gets too hot.
What's Next for the Crypto Market?
With investor sentiment today, it is not likely the sector would crash hard sometime in the future. Heavy ETF inflows, positive sentiment, and worldwide blockchain advancements are all stabilizing the sector.
But watch world politics closely, and especially America. Former President Donald Trump's tariffs threats against Europe can potentially rattle not only the stock market but potentially crypto.
For the time being, however, prospects are generally encouraging. Strong buying from institutions, new real-world use cases like Dubai’s tokenized real estate, and ongoing optimism suggest that the crypto may keep climbing—at least in the near term.
Disclaimer: This is not financial advice. Readers should always do their own research before making investment decisions.
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