- It tops the maximum Crypto 3.1 trillion dollars for the first time in eight weeks.
- Technical recovery from 2.4T support adds fuel to the gathering.
Encryption Height Today, it is driven by increasing optimism about global trade developments and the background of the supportive macroeconomic economy. The total number of the encryption market jumped 3.21 % to $ 3.1 trillion, while trading volume increased 24 hours by 47.10 % to $ 119.1 billion.
Bitcoin (BTC) rose to $ 99,000, reaching $ 99,415, as bulls aim to achieve a higher superiority than $ 100,000. This would pave the way for a possible re -test to the highest level ever at $ 109,300. The bitcoin gathering follows Donald Trump The “Liberation Day” speech on May 7, during which it announced a “major commercial deal” with the United Kingdom.
Altcoins follows Bitcoin’s progress
Altcoins also published strong gains. Body penguins increased by 27.84 %, the virtual protocol increased by 19.6 %, and Brett gained 19.08 %, while Meme Coin Pepe (Pepe) as well. This wide gathering raised the common market value of all cryptocurrencies, which dates back to the 200 -day moving average, which represents a 30 % recovery of its lowest level of $ 2.27 trillion.
Federal Reserve on May 7 to maintain fixed interest rates at 4.25 % – 4.50 % strengthen feelings. Federal Reserve Chairman Jerome Powell was martyred with concerns about stagnation – slow growth with continuous inflation, in part due to the continuous tariff policies. Despite President Trump’s pressure to reduce prices, the Federal Reserve maintained a cautious position, hinting at possible discounts later in the year.
This total environment strengthened the role of bitcoin as a value store. The growing inflation expectations have pushed investors to hedge against Fiat corrosion, in favor of assets such as Bitcoin, which is often called “digital gold”.
Financial institutions are still ascending. Standard Charterd Bitcoin sees $ 120,000 this year and 200,000 dollars by 2025. The VANECK project is $ 180,000 in 2025, while Ark Invest maintains $ 500,000 conservative dollars and a base of $ 1.2 million by 2030.
The encryption news was highlighted today
Blackrock earns $ 32 million in Bitcoin ETF in Q1, where BTC approaches $ 100,000
