Why Crypto Market is Up Today: Robinhood and MicroStrategy Spark Rally
The crypto market is once again in the positive. The total worldwide crypto market capitalization now reached an all-time high of $3.44 trillion and increased by 1.89% over the past 24 hours. Bitcoin dominance is standing at 60.9%, whereas Ethereum's share is 9.18%. Its daily trading volume is also good at $98.3 billion.
Why Crypto Market is Up Today? Major Reasons
Robinhood Buys Bitstamp for $200 Million: Robinhood just bought Bitstamp — one of the oldest crypto exchanges — for $200 million in cash. This gives Robinhood access to more than 50 licenses and over 5,000 big clients, especially in Europe and Asia. After this move, Robinhood’s stock (HOOD) went up 2.77%. This step shows that big companies are still serious about crypto.
MicroStrategy Buys More Bitcoin: On June 1, MicroStrategy (now known as Strategy) bought 705 more BTC for about $75.1 million. That’s around $106,495 per coin. They also announced a new stock offering to raise more money — and they plan to use that cash to buy even more Bitcoin. This kind of large buying shows strong belief from institutions in the sector.
Source: X
Global Tensions and US Debt Fears Help Bitcoin: Investors are moving money into BTC as a safe place during global uncertainty. Tensions between the US and China are easing, but other issues like tariffs and the US debt rating downgrade have made traditional assets riskier. As a result, more people are seeing Bitcoin as a better option.
BTC, ETH, XRP, SOL: Coin Prices Are in Green
Bitcoin (BTC) is up 1%, now around $105,275
Ethereum (ETH) rose 5%, trading at $2,607
XRP is up 3.14%, priced at $2.20
Solana (SOL) jumped 4%, now at $160.98
This shows a strong movement across major coins, not just BTC. Confidence seems to be returning to the entire industry.
What’s Next? FOMC Meeting and Fear-Greed Index
This price jump shows strong investor interest. According to the Fear and Greed Index, the market is now at 64 – Greed. Last week it was even higher at 74, which means the sector was overheated. When this index shows “Greed,” it can mean a correction might come soon.
The FOMC meeting on June 17–18, 2025, is also very important. This meeting will include a Summary of Economic Projections, which could impact interest rate decisions. If rates stay high, it might slow down the market. But if the Fed hints at cuts, the sector might rise further.
Conclusion
Today’s crypto market is up due to major company actions like Robinhood’s Bitstamp deal and MicroStrategy’s investment. Key coins including Bitcoin, Ethereum, XRP, and Solana are seeing gains. But with the FOMC meeting coming up and the Fear and Greed Index in the “Greed” zone, investors should stay alert.
This article is not financial advice. Please do your own research before investing in any coin or project.
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