Market Overview
The global cryptocurrency market cap currently stands at $2.67 trillion, up by 0.25% over the last 24 hours
Bitcoin (BTC) is trading at $85,232, up 1.02% in the last 24 hours with a market cap of $1.68 trillion
Bitcoin has been trading between $84,304 and $85,470 over the past 24 hours
Bitcoin dominance is at 62.96% of the total cryptocurrency market
Major Cryptocurrencies Performance
Ethereum (ETH): $1,608.31, up 1.63% in the last 24 hours
XRP: $2.08, up 0.89%
BNB: $592.19, up 0.56%
Solana (SOL): $139.41, up 3.50%
Dogecoin (DOGE): $0.15881, up 2.22%
Cardano (ADA): $0.6302, up 2.34%
Tron (TRX): $0.2415, down 1.51%
Chainlink (LINK): $12.88, up 1.82%
Top Gainers Today
VOXEL: up 86%
HIGH: up 36%
ALPACA: up 30%
TRUMP: up 12.61%
Core DAO: up 17.91%, named "Coin of the Day"
Altcoin Season Analysis
Bitcoin's dominance has decreased from 50% to 45% over the past month, potentially signaling the onset of an altcoin season
Crypto Rover posed the question on Twitter: "Will we see an Altcoin Season this year?"
Trading volumes for altcoins like ADA and SOL have increased significantly, with ADA's volume on Binance rising from $500 million to $550 million in the last 24 hours
LINK (Chainlink) price analysis suggests potential targets around $26 amid the current altcoin surge
Major News
Department of Justice (DOJ) has disbanded its National Cryptocurrency Enforcement Team and will no longer pursue "regulation by prosecution"
The DOJ memo states it "will no longer target virtual currency exchanges, mixing and tumbling services and offline wallets"
Robert Kiyosaki, author of "Rich Dad Poor Dad," predicts Bitcoin price could hit $1 million by 2035
Pakistan is taking steps to regulate cryptocurrency with the establishment of the Pakistan Crypto Council (PCC), with Binance founder Changpeng Zhao appointed as a strategic adviser
Market Drivers
Bitcoin ETFs have attracted $60 billion in 2025, with retail investors driving 75% of flows
Bernstein analysts project $70 billion more ETF inflows by year-end, potentially pushing BTC to $150,000
Liquidity surge: U.S. Treasury's drawdown of its General Account has injected $510 billion into markets since February 2025
President Trump's pressure on Federal Reserve Chair Jerome Powell regarding interest rate cuts has influenced market sentiment
Technical Analysis
Bitcoin has reclaimed position above key 50-day and 200-day exponential moving averages (EMAs)
RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators showing bullish signals for multiple cryptocurrencies
Key resistance levels for Bitcoin: $87,400 (upper consolidation boundary), $90,000-$92,000, $100,000 (psychological barrier), and $108,000 (December 2024 all-time high)
