The cryptocurrency market showcased dynamic movements today, with Ethereum (ETH) leading the charge, following increased whale activity and market optimism. In the bullish reversal, Bitcoin surged to $99K and it is now eying to break $100K price mark while SUI leading top daily gainers with soaring over 10% in the past 24 hours.
Currently, the overall crypto market sentiment carries a cautiously optimistic tone, shaped by fundamental developments and the recent Federal Open Market Committee (FOMC) meeting of May 7, 2025. The FOMC decided to hold interest rates steady at 4.25%–4.5%, with Fed Chair Jerome Powell emphasizing a data-dependent approach amid tariff-driven economic uncertainty and rising risks of higher unemployment and inflation.
In the renewed rally, Bitcoin is eyeing to break the $100,000 barrier once again, which is trading near $99,400 at the time of writing. Given that the current spikes in Bitcoin price are solely driven by macro-economic impacts, several experts are remaining bullish, with some predicting a rebound to $109,000 by June 2025. Despite a 3.7% market-wide drop in the last 24 hours, Bitcoin’s resilience suggests a potential upward trajectory as investor sentiment stabilizes.
Among leading altcoins, Ethereum (ETH) is on the top with its price spiking over 7% today while Solana (SOL), Dogecoin (DOGE) and Cardano (ADA) are following with their near-to 6% gains. XRP has been seen lagging today as it only manages to rise 3%, the lowest among all major altcoins.
Sui (SUI), one of the largest gaining altcoin today, has made headlines with a 12% price pump, outperforming the broader market. SUI’s trading volume has also risen nearly 45% to $2.17 billion in the last 24 hours, reflecting intensified trading.
Other top gainers include PENGU–which have seen spikes of over 25%—while EOS, BRETT, VIRTUAL, ENA and PEP are having up to 18% surge in the past 24 hours. On the losing side, none of any major crypto have seen a notable drop today but FORM has declined 3% in the past 24 hours.
Trending Crypto Today
- BTC (Bitcoin)
- SOL (Solana)
- ETH (Ethereum)
- PI (Pi Coin)
- XRP (XRP)
Top Gainers Today
- PENGU (Pudgy Penguin): +25%
- EOS (EOS): +18%
- BRETT (Brett): +17%
- VIRTUAL (Virtuals Protocol): +15%
- ENA (Ethena): +15%
Top Losers Today
- FORM (Four): -3%
- DEXE (DeXe): -2%
- XAUt (Tether Gold): -1%
- PAXG (Pax Gold): -1%
The global cryptocurrency market capitalization today stands at approximately $3.09 trillion, reflecting a 3.01% increase over the past 24 hours–according to data from CoinMarketCap.Â
Also read: Binance Leads with 38% Market Share – Coingecko CEX Report
