The crypto market today is witnessing a strong rebound, fueled by the recently signed executive order by U.S. President Donald Trump to form a Sovereign Wealth Fund. The initiative aims to secure long-term economic stability, which has sparked positivity among investors and traders. This sentiment is reflected in the industry’s market cap, which shot up 5.97% in the last 24 hours, now standing at $3.21 trillion. Talking about the Fear & Greed Index, the metric is now signaling a neutral score of 45.
Bitcoin is leading the space with a 5.89% price spike to $99,222.15. Its market cap now stands at $1.96 trillion, fostering its dominance at 60.84%. Despite a 17.57% dip in 24-hour trading volume, which now sits at $246.3 billion, investors remain bullish as BTC inches closer to the psychological $100K mark.
Read our Bitcoin Price Prediction 2025, 2026-2030 to decode what’s next for BTC.
Ethereum has seen an impressive 9.08% jump in the past 24 hours, climbing to $2,708.49. Meanwhile, Solana and XRP have added 5.17% and 13.24%, respectively. The strong performance of major altcoins suggests renewed investor confidence in the broader market.
For a sneak peek into ETH’s future, check out our Ethereum Price Prediction 2025, 2026-2030.
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The market rally is largely driven by optimism surrounding Donald Trump’s Sovereign Wealth Fund initiative, which aims to boost the U.S. economy long-term.
With BTC gaining 5.89% today and maintaining strong market dominance, many analysts believe $100K could be within reach in the near term.
The biggest gainers include Onyxcoin (+30%), Bittensor (+30%), and Fetch.ai (+27%), benefiting from bullish momentum.
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