Total crypto market capitalization (total) and Bitcoin (BTC) are benefiting after US President Trump has advanced trade transactions. Virtuals Protocol (Virtual) took the top spot among Altcoins as Altcoins rose 45%.
In today’s news: –
Coinbase’s first quarter 2025 revenue report missed forecasts. Revenues have fallen nearly $200 million, and trading revenues are under $70 million. Despite these disappointments, user activity remained strong, with quarterly USDC balances rising 49%, while earnings per share were much lower than expected. Ripple settled in the SEC and agreed to pay $50 million, a $125 million penalty, with the remaining $75 million being returned. The settlement is subject to the end of one of the longest legal disputes in the crypto sector and the court terminates its injunction against Ripple.
The crypto market has jumped today
Crypto’s total market capitalization has risen over $221 billion over the past 24 hours to $3.17 trillion, marking a height of two and a half months. This surge is driven by bullish sentiment stemming from the US-UK trade agreement, which marks the end of the trade war and could promote global economic stability.
If the crypto market continues to be bullish, the total could rise to $3.28 trillion. This is subject to a level of $3.16 trillion on support floors. If this level was met, the market saw continuous growth and was reinforced by positive emotions and favorable macroeconomic conditions.
However, once sales pressures increase and investors begin to leave the market, the total could lose $3.16 trillion in support. In this scenario, crypto market capitalization fell to $3.09 trillion or back to $3.00 trillion, indicating a reversal of the current upward trend.
Bitcoin exceeds $100,000
Bitcoin prices have risen 5.79% in the last 24 hours, surpassing the significant $100,000 resistance level. Traded at $102,645, the surge marks a significant milestone. The breakout suggests ongoing bullish sentiment, with investors looking closely at whether Bitcoin can maintain this momentum for further profits.
Bitcoin hit a three-month high following a recent rally, peaking at $104,000 in the last 24 hours. Bitcoin’s next goal is to go above the $105,000 level. This brings you closer to an all-time high of $109,588. Continuous upward movement will solidify bullish trends and attract more buyers.
However, if Bitcoin can’t maintain the uptrend or if it doesn’t encounter sales pressure from investors, it could fall below $100,000. A decline to $95,761 could put Bitcoin’s bullish outlook at risk, leading to further losses and could override current positive price forecasts.
Virtuals Protocol will become the top spot
Virtual emerged as the best-performing altcoin of the day, surgening 45% to $2.02. Altcoin is over $2.00, indicating a height of three months. The rally shows strong market interest and if it can maintain its position, the virtual could be even more upside down in the near future.
The next important resistance to virtual is $2.26. Successful support at this level is important as AltCoin can reach $3.00 above $2.99. A breakout above $2.26 confirms the continued bullish trend and attracts more investors.
However, if the virtual can’t secure $2.00 support, it could experience a decline. Below this level the price will drop to $1.59, another $1.25. Such a decline has erased recent profits, negated the current bullish outlook, and indicates potential debilitating.
Disclaimer
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