Crypto Markets Soar: The Hidden Forces Behind Today’s Price Surge

Crypto's pumping—again. But what's fueling this rally? Let's cut through the noise.

Institutional FOMO or Retail Frenzy?

BlackRock's ETF inflows hit $2B this week—wall Street's finally playing catch-up. Meanwhile, Coinbase outages suggest Main Street's back in the game too.

BTC Halving Afterglow

Four months post-halving, Bitcoin's supply crunch is biting. Miners are hodling tighter than a VC's term sheet.

Altcoin Season 2.0

ETH leads the charge with L2 volumes up 300%—proof the 'flippening' crowd won't shut up anytime soon.

The Cynical Take

Another green day means another 10,000 crypto 'experts' on LinkedIn. Funny how no one posted during the 18-month bear market.

This rally's got legs—but remember, in crypto, the only constant is volatility. Trade accordingly.

• The crypto market has shown a strong sign of investor interest as the tokens are picking up activities and making bullish moves.
• Out of the top 100 tokens by market cap, 98 have shown an increase in price within the last 24 hours.

The crypto market has finally recovered from its low momentum as prices are showing signs of recovery. As of the time of writing, out of the top 100 tokens on CoinGecko, only two have recorded a 24-hour loss. This bullish momentum is seen on the 24-hour and 1-hour time frames.

The Top Gainers in the Crypto Market

While Bitcoin and ethereum are making highs, there are some other tokens and memecoins that have managed to do a 10% to 20% increase within the last 24 hours.

The native token of the Pudgy Penguins NFT. Within the last 24 hours, the token rose by 31.5%, giving it the top position of the highest trading volume based on the token’s market cap. The token has maintained its high position in the last 14 days, locking in a high of 29.3%.

Sui

A popular Layer-1 blockchain system. The token price is currently at $3.37 and has a 24-hr high of 14.2%. Just like Pudgy, sui has also maintained an uptrend in the last 14 days and even in the one-year time frame. In recent times, whales have shown interest in the token as they’ve poured in significant amounts of money, accumulating the coin.

Ethena (ENA)

The Ethena token is a decentralized protocol that offers a synthetic dollar called USDe. The native token is known as ENA, and the token’s price is currently trading at $0.3036 with a 24-hr high of 12.9%.

PEPE

PEPE is one of the popular memecoins in the crypto space, and in the last 24-hours, it was trading as the fourth token with high trading. In the last 24-hours, the token has had a high of 11.3% and this high has been going on for the last 14 days.

Other high cap tokens like Bitcoin, Ethereum, XRP, and BNBhave has had a high of about 1% – 3% in the last 24 hours