The crypto market had a thrilling 24 hours, with Bitcoin soaring to $93,500, altcoins rallying, and $530M in short positions liquidated. Trump’s policy signals and SEC moves sparked optimism. Is this a buying opportunity or a fleeting spike? Let’s dive into the hottest updates in the daily market recap today!
Daily Market Recap – Top Highlights
- Bitcoin & Altcoins Surge:
- Bitcoin hit $93,500 (up from $88K).
- Leading altcoins: $ETH (+10.1%), $XRP (+8.3%), $DOGE (+11.3%), $SOL (+8.4%), $ADA (+10%), $AVAX (+13.2%), $LINK (+11.6%).
- $530M in short liquidations; market cap up 4.4% ($3.02T).
- BTC dominance dips 0.2% (63.26%), with capital flowing to altcoins.
- Memecoins Steal the Spotlight:
- Trump Eases Tariff Fears:
- Trump announced that tariffs on China will be “much lower” than the proposed 145%.
- Impact: Boosted risk appetite, driving BTC and altcoin gains, though macro pressures linger.
- SEC & XRP Attract Funds:
- SEC appoints crypto-friendly chair, paving the way for ETFs and DeFi.
- XRP leads crypto fund inflows with $37.7M, outpacing ETH and BTC.
- Market Sentiment:
- Long-term BTC holders accumulate, while short-sellers face heavy liquidations.
- Memecoins and DeFi tokens ($SUI, $UNI, $NEAR) surge up to 18%, but volatility is high.
The crypto market is buzzing with Bitcoin hitting 93K, altcoins leading the charge, and positive U.S. policy signals. Now’s the time to consider “buying the dip,” but stay cautious! Where do you see the market heading next?
Keep your eyes on the daily market recap of the MevX blog to not miss any of the hottest news!
