* The global cryptocurrency market capitalization stands at approximately $3.01 - $3.03 trillion.
* The 24-hour trading volume is around $149.27 billion.
* Bitcoin's dominance is significant at 65.54%, while Ethereum's dominance is at 7.64%.
* The total supply of stablecoins is approximately $218.39 billion.
Major Price Movements:
* Bitcoin (BTC) has shown strong bullish momentum, rallying to around $91,000 - $94,000, reaching its highest value since early March. It is currently trading around $93,690.
* Ethereum (ETH) is trading around $1,810, showing more modest gains compared to Bitcoin.
* XRP has seen a notable surge recently, with some analysts predicting an imminent breakout.
* Meme coins like TRUMP, Brett, and Solayer have been among the top gainers.
* Sui (SUI) has experienced a significant price increase, showing bullish sentiment driven by the surging stablecoin market, DEX volume, and DeFi TVL.
Key News and Developments:
* Former SEC Chair believes Bitcoin will survive but warns that most other crypto tokens are doomed.
* New SEC Chair is scheduled to speak at a crypto roundtable, suggesting a potential policy shift.
* Malaysia is reportedly tapping Binance's founder for a blockchain finance overhaul.
* Coinbase has launched regulated XRP futures.
* Circle has launched its "Circle Payments Network."
* The Trump family is reportedly planning to launch "Truth.Fi" crypto ETFs.
* South Korea's Bithumb is considering spinning off non-core units ahead of a potential IPO.
* Tron DAO announced that the circulating supply of USDT on its blockchain has surpassed $70 billion.
* Canary Capital has filed for a staked SEI ETF in Delaware.
* A crypto-linked ticker jumped due to US-China optimism.
* There are reports of a potential delay in the altcoin season despite discussions about SEC ETFs.
* The AI coin market has seen a significant drop in the last 30 days.
* BlackRock's Bitcoin fund reportedly had a strong inflow day.
* Uniswap (UNI) price saw a rally, with a large transfer of UNI tokens to Coinbase Prime being noted.
* The Lutnicks' Cantor Fitzgerald, Tether, and SoftBank are reportedly teaming up on a significant Bitcoin venture.
Market Trends:
* The market has shown increased volatility, influenced by market data, current events, evolving policies, and social media trends.
* Stablecoins and DeFi growth are expected to play a significant role in moderate Bitcoin growth in mid- to late 2025.
* Some analysts predict Bitcoin could reach around $126,000 - $138,000 in the latter half of 2025.
* The potential for a Bitcoin supply shock due to decreasing reserves on exchanges could fuel a rally.
* A weakening US dollar and the end of quantitative tightening by the US Federal Reserve are seen as potential positive catalysts for the crypto market.
Important Considerations:
* The cryptocurrency market remains highly dynamic and subject to rapid changes.
* Regulatory developments continue to be a significant factor influencing market movements.
* Investor sentiment and macroeconomic conditions play a crucial role in price action.
It is important to conduct thorough research and exercise caution when dealing with cryptocurrencies due to their inherent risks.
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