2 days Ago
On April 1, 2025, the global market saw a significant surge, with stock and cryptocurrency markets recording substantial gains. A mix of factors led to this positive trend, including investor sentiment regarding future US policy announcements and technical trends indicating further expansion. The crypto market today in particular is $2.
69T with a 1.27% surge, showing signs of recovery from the recent downward trend. Let's explore in detail the leading cryptocurrencies of the day, beginning with the market leader Bitcoin, and discuss the latest trends impacting the crypto market today.
Bitcoin is still the trendsetter in the cryptocurrency market, with a moderate 1.71% gain over the past 24 hours at $83,124.05.
The market capitalization of Bitcoin currently stands at $1.65 trillion, and its 24-hour volume was at $27.26 billion.
The circulating supply at 19.84 million BTC. After Bitcoin, Ethereum is also showing growth at $1,838.
57, which has gone up 1.76% over the last 24 hours. Ethereum's market capitalization is around $221.
84 billion, while its 24-hour volume stands at $15.03 billion. Ethereum's good performance can be traced back to its smart contract functionality.
Toncoin (TON) surged by a whopping 6.05%, trading at $4.13.
Toncoin's market capitalization has now reached $10.17 billion, with a 24-hour trading volume of $357.1 million.
This sudden jump has turned Toncoin into the biggest gainer of the day. With a circulating supply of 2.46 billion tons, Toncoin's recent performance shows its potential as a high-growth cryptocurrency .
Thus, drawing the interest of investors looking for new opportunities in the market. Tether (USDT): Still stable, the price of Tether is $0.9998 with a negligible change of -0.
01%. As the market leader in stablecoins, Tether's market cap is $143.97 billion with $57.
51 billion in 24-hour trading volume. Its stability keeps it a go-to option for traders during times of market volatility. XRP (XRP): XRP rose by a minor 0.
51% to trade at $2.10. XRP's market capitalization stands at $122.
36 billion, with a daily trading volume of $4.1 billion. XRP, though having regulatory issues, is still an attractive option for international transactions due to the speed and reduced cost of its transactions in comparison to the traditional banking system.
Binance Coin (BNB): Binance Coin rose by 1.11% to $608.90.
With a market capitalization of $86.75 billion and a 24-hour trading volume of $1.47 billion, BNB is one of the major utility tokens for the Binance exchange and has been buoyed by the exchange's growing ecosystem.
Solana (SOL): Solana also gained 0.61%, increasing its price to $125.97.
With its fast transactions, Solana's market capitalization is $64.56 billion, and its 24-hour volume is $3.08 billion.
Solana has attracted a lot of attention, particularly for decentralized apps and NFTs. USD Coin (USDC): USD Coin is a stable coin that remains pegged to the U.S.
dollar at $1.00, with a minimal fluctuation of -0.02%.
USDC has a market cap of $60.08 billion and takes a significant role in securing liquidity across various platforms, with a 24-hour trading volume of $9.95 billion.
Dogecoin (DOGE): Dogecoin, beginning as a meme coin, still attracts interest with a 1.91% gain, trading at $0.1687.
It has a market cap of $25.09 billion and remains widely popular among retail investors, thanks to popular culture backing from figures such as Elon Musk. The overall surge in the crypto market today on April 1, 2025, is driven by investor optimism ahead of President Donald Trump's upcoming tariff announcements, known as " Liberation Day ," scheduled for April 2.
The expectation of less severe tariffs helped ease concerns about a global trade war, boosting both stock and cryptocurrency markets. Technical patterns, particularly Bitcoin’s good historical performance in April, also played a role in driving prices higher. Additionally, strategic positioning by both retail and institutional investors further fueled market growth.
Investors must remain cautious of potential risks amid ongoing policy uncertainties..
