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The crypto market today as of 10.30 am on April 8, 2025, opened strong with all the top 10 cryptos in green, this is in direct contrast to yesterday’s bear run. Bitcoin and Ethereum were up approximately 3-4%.
On the other Solana and Cardano are leading today’s altcoin rally, up by about 8%. Stablecoins hold strong as other lesser popular cryptos like Bittensor, Hyperliquid, and Hedera post massive double-digit gains. Let’s explore the crypto market today in detail to understand top 10 tokens’ movements and the factors driving the latest altcoin rally.
Bitcoin price reached $80,269.40, showing a 4.26% increase in the past 24 hours.
As of 10:30 AM UTC, the total market capitalization of Bitcoin is $1.59 trillion, supported by a trading volume of $85.09 billion.
The current circulating supply is 19.84 million BTC. Alankar Saxena, Co-founder and CTO of Mudrex projected that BTC may face the next resistance at $84,000, with support remaining at $75,900.
He further stated, “As global markets adjust to prolonged trade fragmentation and reciprocal tariffs, Bitcoin’s role as a safe-haven asset could become prominent, adding to its upward momentum.” This means that Bitcoin valuation may continue to rise as the market seems to recover from its recent woes. Ethereum also went up, currently at $1,599.
10, with a 3.23% rise. Ethereum's market capitalization stands at $192.
97 billion with a trading volume of $42.18 billion. It has 120.
67 million ETH in circulation. Among the top altcoins , Solana and Cardano recorded the highest gains. Solana increased by 8.
97% to $111.58. Its market capitalization reached $57.
51 billion, with $8.47 billion traded within the last 24 hours. Solana currently has 515.
47 million SOL in circulation. Cardano came close with a 7.93% increase, taking its price to $0.
5977. Its market cap now is $21.08 billion and the volume over 24 hours is $1.
89 billion. Supply consists of a total of 35.27 billion ADA tokens.
Ripple's XRP jumped 6.35% to $1.91.
The XRP market cap hit $111.65 billion, with a 24-hour trading volume of $13.05 billion.
XRP's circulating supply is 58.27 billion tokens. Dogecoin also recorded good gains of 7.
70%, taking its price to $0.1523. The meme coin favorite recorded $3.
29 billion in volume in the last 24 hours, and the current market cap is $22.66 billion. It has 148.
76 billion DOGE in circulation. Stablecoins USDT and USDC stayed almost flat, as anticipated. Tether (USDT) is at $0.
9998, with a very small 0.05% rise, with a market cap of $144.16 billion.
USD Coin (USDC) is at precisely $1.00, with a small 0.03% rise and a market cap of $60.
22 billion. TRON (TRX) added 3.15% to $0.
2336, with a market capitalization of $22.18 billion. The 24-hour volume is $954.
79 million. In the meantime, BNB increased 2.98% to $564.
61, backed by a $2.75 billion volume and a $80.44 billion market cap.
The broader rally in crypto prices today seems to be driven by renewed investor optimism, institutional demand, and positive macroeconomic signals. According to reports, bullish crypto bets of around $1.5 billion were sold in the past 24 hours, the highest in 2025.
Sean McNulty, head of APAC derivatives at FalconX , forecasted that selling pressure in option market may continue. He further emphasized that it will be “with the skew for puts picking up considerably”. Despite the recent volatility and the biggest 2025 low of slumping 5.
5%, Bitcoin has regained the same today, nearing $80,000 mark. The recent altcoins rally with Solana and Cardano leading the gains in the major cryptos points to an upcoming bull run. The next US inflation data (US CPI) releases and how they will influence monetary policy are being closely monitored by traders.
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