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Why Is Crypto Market Going Up Today?

Published by
Anjali Belgaumkar

The total crypto market cap climbed to $2.77 trillion, up 2.3% over 24 hours, with Bitcoin leading the way at $79,187.27, up 2.1%. XRP posted the strongest move among majors, jumping 6.4% to $1.46, while Ethereum rose 1.1% to $2,541.20. The rally comes as Treasury Secretary Scott Bessent said the CLARITY Act is essential for America to win the global crypto race, adding fresh optimism ahead of Tuesday’s Senate cloture vote on the bill. Not every macro signal is positive, though. Iranian state media pushed back on President Trump’s claim that Iran was eager to end the war “quickly and boldly,” a rejection that came just 40 minutes after Trump’s comments. US oil prices are trading near $103 a barrel, keeping inflation risk elevated even as crypto pushes higher.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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