The global crypto market cap has reached $2.85T, recording a 2.02% increase over the last day while total 24-hour trading volume surged by 62.03% to $87.51B, dominated by stablecoins at 95.32%. Key developments—from DeFi protocols troubleshooting critical issues and institutional acquisitions to nuanced technical signals in Bitcoin—are reshaping the market dynamics.
Key Takeaways
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Global market cap climbed to $2.85T with a significant 62.03% increase in daily trading volume.
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Bitcoin’s technical indicators hint at a consolidation phase near $87K, with potential to break toward $90K.
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Despite trading 57% below its all-time high, Ethereum’s market cap of ~$252B exceeds that of major global corporations.
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XRP is targeting key resistance levels while Solana’s network improvements and ETF expectations bolster its outlook.
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New ventures such as Trump’s stablecoin and Kraken’s capital-raising plans illustrate continued innovation across the crypto ecosystem.
Crypto Market Surges to $2.85T, Daily Volume Up 62%
The overall crypto market now stands at a robust $2.85T—a 2.02% increase over the past day. Total trading volume reached $87.51B in 24 hours, with DeFi contributing $6.65B (7.60%) and stablecoins dominating at 95.32% of the daily volume. These figures indicate an environment of growing liquidity and expanding participation across various segments of the market. Notably, crypto prices have also seen gains, with BTC trading at $87,497 (up 1.64%) and ETH at $2,081 (up 3.77%), complemented by a near-even 24-hour long/short ratio of 50.4%/49.6% and a slight rise in the Fear & Greed Index from 45 to 46.
Crypto Fear and Greed Index | Source: Alternative.me
This surge in market cap and volume highlights the dynamic interplay between traditional market sentiment and crypto-specific trends. As traders navigate these turbulent waters, the increased activity among stablecoins and DeFi assets points to evolving investment strategies and risk appetites within the ecosystem.
Dynamic Market Shifts: Strategy’s BTC Holdings Cross 500K
Recent events have underscored the dynamic nature of the crypto market. Softened expectations of reciprocal tariffs have boosted overall market sentiment, with U.S. stocks broadly rebounding and all three major indices rising. Bitcoin briefly surged past $88,500, although its dominance fell by 0.33%, while altcoins generally rebounded.
Notably, DeFi lender Nostra temporarily halted borrowing on two liquid staking tokens after detecting critical price feed issues on the Starknet network. This move, aimed at preventing potential liquidations from mispriced collateral, reflects the broader challenges faced by decentralized protocols in maintaining system integrity under volatile conditions.
Strategy’s BTC purchases | Source: SaylorTracker
Institutional and regulatory dynamics further enrich the ecosystem's narrative. MicroStrategy’s recent acquisition of 6,911 BTC—pushing its cumulative holdings past the 500,000 mark—reinforces a strong trend in institutional adoption.
Concurrently, macroeconomic cues are evident as President Trump urged the Fed to lower interest rates and hinted at tariff reductions, even as he announced a 25% tariff on countries purchasing oil/gas from Venezuela. Additional regulatory developments include Oklahoma’s Bitcoin Reserve Bill passing in the state House, plans for a stablecoin bill to be submitted by the White House, and supportive measures like Kentucky’s Bitcoin Rights Bill.
Industry highlights round out the picture: from Strategy’s significant BTC purchases and Kraken’s early-stage exploration of up to $1B in debt financing, to BNB Chain DEX’s leading weekly volume of $14.336B and growing initiatives by players like CZ and Trump Media Group. These multifaceted developments are collectively reshaping the crypto market, driving both competitive innovation and strategic recalibration across the ecosystem.
Bitcoin Price Sees Consolidation, Momentum Could See Test of $90K
BTC/USDT price chart | Source: KuCoin
Bitcoin currently holds a dominance of 60.60%, with its price trading near $87K—a slight decrease of 0.25% over the past day. Technical indicators such as the 21-day moving average at approximately $85,200, combined with recent intraday highs around $88,750, suggest that Bitcoin is in a consolidation phase. This technical buildup may well set the stage for a breakthrough toward the $90K level, as market participants look for clear signs of momentum reversal.
Adding to the technical narrative, Bitcoin’s open interest surged by over $1.5B in the last 24 hours, reflecting increased activity in leveraged positions. This, along with dovish signals from macroeconomic indicators, underscores the resilience of Bitcoin in the face of market volatility—even as the Crypto Fear and Greed Index still points to caution. These factors collectively indicate that while Bitcoin remains robust, traders should be mindful of potential corrections as the asset seeks to consolidate gains.
Why Is Ethereum Price 57% Below its ATH?
ETH/USDT price chart | Source: KuCoin
Ethereum remains a cornerstone of the crypto ecosystem despite trading at roughly $2,063—a level approximately 57% below its all-time high. The network’s market cap of nearly $252B not only underscores its enduring value but also places it ahead of major global corporations such as Toyota and Disney in terms of market valuation. This dichotomy between price performance and underlying value speaks to Ethereum’s critical role as an infrastructure layer for decentralized applications (dApps) and smart contracts.
Moreover, Ethereum’s recent transition to a proof-of-stake model and continuous network upgrades—like the integration of native rollups—enhance its long-term appeal. These innovations are designed to reduce energy consumption and improve scalability, ensuring that Ethereum remains at the forefront of blockchain technology while providing a robust foundation for the rapidly expanding DeFi and NFT sectors.
XRP Getting Ready for Rebound Above $2.50 Support?
XRP/USDT price chart | Source: KuCoin
XRP, currently trading near $2.43, has experienced significant volatility after reaching a seven-year high of $3.39 in January. Despite a nearly 30% drop from its peak, recent bullish technical indicators suggest a potential turnaround. Market analysts are closely watching the $2.50 support level, which is critical for sustaining further upward momentum. A breakthrough above key resistance levels, particularly around $2.77, could signal a robust recovery.
The ongoing legal developments surrounding Ripple’s SEC lawsuit and favorable regulatory hints, such as a new license in Dubai, add further layers of optimism. These factors, combined with a rising Relative Strength Index (RSI) that indicates building bullish momentum, suggest that XRP could be poised for a rebound—provided it stabilizes above the identified support thresholds.
Solana's Surge Takes SOL Price Above $140
Solana’s network fees and TVL in 2025 | Source: DefiLlama
Solana (SOL) is showing signs of recovery amid broader market rallies, trading around $140 following an 8.5% gain on March 24. This rebound is underpinned by an uptick in network activity and rising transaction fees, which signal increasing demand for its blockchain services. Additionally, growing interest from institutional investors and the anticipation of a spot Solana ETF approval further bolster its market outlook.
SOL/USDT price chart | Source: KuCoin
However, despite these positive signals, SOL continues to trade 52% below its all-time high of $295 and has underperformed the broader crypto market over the past two months. Traders remain cautious due to a significant decline in network fees and the lingering impact of earlier market corrections. Nevertheless, with a strong TVL ranking and strategic positioning among key blockchain competitors, Solana appears well-placed to capitalize on renewed investor interest in the near term.
Trump’s World Liberty Financial Launches USD1 Stablecoin
In an intriguing development, World Liberty Financial—the crypto venture backed by former President Donald Trump—launched a new USD-pegged stablecoin, USD1, on both the BNB Chain and Ethereum. Although the stablecoin is not currently tradeable, its launch is significant amid ongoing regulatory debates, notably with the pending GENIUS Act aimed at providing clearer guidelines for US stablecoins. This move signals an emerging trend of politically connected entities entering the crypto space, potentially reshaping market dynamics.
The initiative also comes at a time when stablecoin adoption is surging, with active wallets increasing by more than 50% over the past year. As the market continues to mature, the entry of high-profile projects like Trump’s stablecoin could further drive innovation and competition in the digital asset sector. However, market participants should note that regulatory uncertainty remains a key risk factor for such projects.
Kraken Explores $1B Capital Raise Ahead of Potential IPO
Kraken is positioning itself for significant growth as it explores a major capital raise ahead of a potential IPO in early 2026. The crypto exchange, which reported $1.5B in revenue in 2024 and cumulative trading volumes of $665B, is reportedly in preliminary talks with major banks like Goldman Sachs and JPMorgan Chase for a debt package that could range between $200 million and $1B. This capital infusion would primarily support Kraken’s expansion into new markets and enhance its multi-asset service offerings.
Kraken’s 2024 financials | Source: Kraken blog
In addition to its financing strategies, Kraken has made a notable acquisition by purchasing NinjaTrader for $1.5B. This move signals the exchange’s commitment to expanding into the derivatives market and diversifying its revenue streams. As Kraken continues to navigate a rapidly evolving regulatory landscape and increasing competition, its strategic initiatives highlight a broader trend of consolidation and innovation within the crypto industry.
Conclusion
In conclusion, the crypto market remains highly dynamic, with robust market cap growth, significant trading volumes, and a series of strategic developments shaping its current landscape. While Bitcoin and other major cryptocurrencies exhibit promising technical setups and increasing institutional interest, the market continues to be influenced by macroeconomic factors and evolving regulatory frameworks.
