- By Aditya Pratap Singh
- Wed, 14 May 2025 10:13 AM (IST)
- Source:JND
Cryptocurrency Market Today: The cryptocurrency market soared over 3% in the last 24 hours, with a spike in heavyweights like Bitcoin, Ethereum, Solana and BNB, post ease of trade tensions after the US-China agreed to halt the reciprocal tariff activities for the next 90 days. At the time of writing, the crypto market cap was at $3.36 trillion, surging 3.21% over a day. Meanwhile, 24-hour crypto volume was $149.22B, to which Bitcoin and Ethereum contributed 61.2% and 9.5% respectively.
Bitcoin continues to trade over the $100,000 level
Bitcoin, the world's most valuable crypto asset, has been trading over the $100,000 level for the fifth consecutive day on Wednesday. Last seen, Bitcoin price was trading at $103,492.92, up 1.70% in the last 24 hours. In Lst 7 days, the cryptocurrency surged over 7 per cent.
Other Major Cryptocurrencies
Ethereum Price Today
The market has been on a bullish run for the past few days buoyed by favourable global geopolitical conditions. In the last 24 hours, too, itregistered a massivee gain of over 8%. Last seen, tcryptocurrencyncy was trading at $2,637.77, up 8.6% over the day. Ethereum price gained massively over 44%in the last 7 seven trading sessions.
BNB Price Today
In the last 24 hours, BNB value increased 2.49% to $659.61. The cryptocurrency has been soaring high for the past 10 seasons as it rose nearly 10% in 7 days. In a month BNB price soared over 12%.
Solana
Solana price zoomed over 7% in the last 24 hours. At the time of writing, the cryptocurrency was trading at $180.82, up 7.37% over the day. In the last seven trading sessions, Solana's value registered a decent uptick of 23%. It rose by vover36% in a month.
Will Rally Continue?
Vikram Subburaj, CEO, Giottus Crypto Platformm as, "Crypto market has held on to its risk-on bias following soft US CPI data along with the US-China deal. Bitcoin is consolidating above $103,000 with strong support at $100,000. Its rally continues to be pillared by neutral funding rates and good trading volumes. The market remains in “Greed” territory, with the Crypto Fear & Greed Index reading 73. A short-term consolidation may follow as Bitcoin attempts a push towards new all-time highs."
"Bitcoin dominance has dropped significantly to 6,2%,, indicating a strong reversal among altcoins. Ethereum bounced with an 8% daily gain while Solana and Chainlink rallied by 6%," Vikram added.
"Yesterday, BTC reached $104,800 before facing resistance and is currently stabilising around the $103,700 level. This marks the fifth consecutive day that BTC has held above the critical $100K threshold, reflecting sustained bullish sentiment. The global crypto market cap rose by 2%, reclaiming the $3.5 trillion mark. ETH continued its strong run, surging by 8.2%, while AVAX gained 9.7% and SOL advanced 6.5%," CoinSwitch Markets Desk.
On the macro front, U.S. inflation cooled further in April, with the annual rate easing to 2.3%—its lowest since February 2021 and below expectations. Markets responded positively: the Nasdaq Composite climbed 1.6%, the S&P 500 added 0.7%, while the Dow slipped 0.6%. Tether’s USDT crossed the $150 billion market cap milestone, solidifying its dominance with a 61% share of the stablecoin market, the CoinsSwitch Market Desk added.
