Here's a fresh analysis of the cryptocurrency market:
*Market Overview*
The global cryptocurrency market capitalization has risen above $3.5 trillion, with a 2% gain on Tuesday. This surge is attributed to the US Consumer Price Index (CPI) data, which showed a 2.3% annual inflation rate in April 2025, the lowest since February 2021.
*Top Performers*
- *Bitcoin (BTC)*: Rose 2% to reclaim the $104,400 level, with 24-hour trading volumes at $33 billion. BTC is currently trading near $104,800 on Binance.
- *Ethereum (ETH)*: Surged 9.0% to $2,687.03, riding high on optimism surrounding its ecosystem growth and staking momentum.
- *Solana (SOL)*: Gained 5.9% to $182.26, supported by renewed bullish momentum after the Pump.fun revenue-sharing update.
- *Dogecoin (DOGE)*: Rose 5.7% to $0.239, as retail flows returned to top-ranked meme tokens.
*Other Notable Cryptocurrencies*
- *Sui (SUI)*: Reclaimed the $4 mark, with a 10% gain and a 76% spike in trading volume. Analysts predict a fresh bullish wave, with potential resistance at $4.50.
- *Monero (XMR)*: Extended its gains for a seventh consecutive day, trading above $340 for the first time since August 2021.
*Market Trends*
The current market trend is bullish, with vital figures in the US CPI data raising expectations of imminent Fed rate cuts. This has boosted sentiment across global financial markets, with Bitcoin's near-misses at the $105,000 level anchoring mid-range altcoins towards significant gains ¹.
