Crypto market back to $3T! BTC +4%, ETH +3.5%, XRP +7%. Weak US dollar and Trump’s cryptocurrency hoard propel gains.
The crypto market is back on the rise, hitting a total value of $3.01 trillion. The volume of trade fell 16% to $121.58 billion, but the dominance of Bitcoin is increasing above 60% and keeping investors’ confidence at a high level.
Bitcoin is up 4%, Ethereum 3.5%, XRP 7%, and Solana 5.5%, pushing the overall market up by 5%. A key factor? Trump’s crypto reserve plan, which still has investors hyped. On Sunday, he confirmed that Bitcoin, Ethereum, XRP, Solana, and Cardano would be included in a U.S. strategic digital asset reserve.
Bitcoin is also seeing a surge in holders. In the last two weeks, 4,375 new wallets holding at least 1 BTC have been created, pushing total wallets near 1 million. BTC has climbed 4% in the past week, recovering from $79,634 to $89,640.
Another major factor? A weaker U.S. dollar. The dollar index has dropped 3.211% in just four days, driving investors toward Bitcoin as a safe haven. Plus, Trump’s decision to delay a 35% tariff on auto imports from Canada and Mexico is boosting global market confidence.
With Trump hosting a Crypto Summit tomorrow at the White House, the market’s next move could be huge.
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