The global cryptocurrency market is seeing a strong start today. According to CoinMarketCap, the total market capitalization has reached $2.99 trillion, reflecting a 2.76% increase over the past 24 hours.
Bitcoin ($BTC ) has led the charge, trading between $93,377 and $97,732 in the past day. As of 09:30 AM UTC, $BTC
stands at $96,919, marking a 2.90% daily gain. Most major cryptocurrencies are following suit with upward momentum, signaling renewed investor confidence.
Among the top performers in the market SYRUP surged by 67%, KAITO jumped 43%, and $LUMIA
climbed 23%, standing out as today's biggest movers.
Key Headlines Driving the Market
Bhutan and Binance Pay have launched the world's first national crypto tourism payment system, enhancing the country's appeal to tech-savvy travelers
Bitcoin’s market dominance has hit a four-year high, a sign of its strengthening role in the broader crypto ecosystem.
Increasing Bitcoin wallet activity may be hinting at a potential market shift, with accumulation trends suggesting bullish sentiment.
All eyes are on the Federal Reserve, with an interest rate decision looming. While a cut seems unlikely, any dovish signals could impact both the crypto and fiat markets
In global trade news China and the U.S. are set to meet in Switzerland to discuss trade relations, while the UK and US are reportedly closing in on a deal to cut tariffs on steel and automotive exports
The Atlanta Fed’s GDPNow model has forecast 2.2% growth for U.S. GDP in Q2 providing a cautiously optimistic economic outlook.
In a historic move, New Hampshire has become the first U.S. state to pass a bill establishing a strategic Bitcoin reserve.
Looking ahead, Standard Chartered projects BNB could reach $2,775 by 2028 citing strong ecosystem fundamentals.
Lastly, speculation over the Fed’s future rate policy continues to support the U.S. dollar especially if rate cuts are delayed or dismissed entirely.
The coming weeks could be pivotal for both crypto and traditional markets as investors watch for economic data, central bank decisions, and evolving geopolitical events.