Bitcoin surges above $95K, adding $300 billion to its total market capitalization; cryptocurrencies rise. The total was above $3 trillion on Friday. New developments in the US-China tariff trade negotiations, which spurred fresh hope across risk markets, drove the movement mostly.
Following a turbulent month that wiped out nearly $10 trillion from US markets, President Donald Trump said he would call Chinese President Xi Jinping to discuss lowering trade tensions. This news sparked fresh buying of equities and crypto assets.
Bitcoin Market Updates BTC Surges Above $95,000
On Friday, Bitcoin’s price broke above $95,000, its highest level in sixty days. Bitcoin ETFs are still receiving enormous inflows even as the rhetoric on the trade war softened. Based on the most recent figures, Thursday alone drew another $447 million in Bitcoin ETF deposits.
This followed two consecutive days of record-setting inflows, totaling $936 million and $917 million, respectively. The weekly total inflows have now topped $2.4 billion. With $38 billion in total Bitcoin ETF holdings, this indicates that, in just three days, roughly 6.3% of their assets were added, highlighting the great institutional demand.
Crypto Market Rally: Bitcoin and Altcoins Surge
The global cryptocurrency market capitalisation has risen to $3.08 trillion, a 0.8% gain over the past 24 hours. The broader altcoin market reflected Bitcoin’s growth. At $109.5 billion, trading volume also stayed strong, underscoring continuous investor excitement. At the time of publication, Bitcoin (BTC) was trading slightly below $95,000 and had increased by 2.2% over the past 24 hours. With a 1.3% increase, Ethereum (ETH) also came to $1,784.
Reflecting a growing taste for mid-cap assets, altcoins as Solana (SOL) and Dogecoin (DOGE) showed double-digit weekly growth. Based on Coangecko data, projects including Sui (SUI), Initia (INIT), and Pudgy Penguins (PENGU) became the most searched-after altcoins within the decentralised finance (DeFi) and NFT sectors. Leading the march with a 20% surge that momentarily drove it to $3.70, Sui (SUI) settled near $3.50. DeFillma noted significant expansion of the DeFi ecosystem, with a 15.8% rise in Sui’s Total Value Locked (TVL).
Driven by increased community involvement, new product introductions, and mounting traction in the worldwide NFT and Web3 sectors, Pudgy Penguins (PENGU) shot 47.5% to $0.0094. Pudgy Penguins’ current momentum is rooted in real-world brand equity, suggesting more sustainable long-term value than past NFT booms driven by speculative trading.
PYUSD Growth, SEC Update, Paradigm Deal
To accelerate the adoption of PayPal’s stablecoin, PYUSD, PayPal and Coinbase have expanded their partnership. Coinbase users can now enjoy fee-free transactions and 1:1 fiat redemptions of PYUSD as part of the cooperation, therefore facilitating access and use of the stablecoin. Combining PayPal’s vast worldwide network with Coinbase’s crypto architecture seeks to propel PYUSD acceptance across retail, business, and institutional sectors. Plans also call for introducing PYUSD into new business uses and distributed finance (DeFi) ecosystems.
In regulatory news, Dragonchain and the US Securities and Exchange Commission (SEC) have jointly moved to terminate their complaint over the company’s 2017 initial coin offering. The action mirrors a more general shift in the SEC’s policy after the founding of its Crypto Task Force, meant to modernise regulatory enforcement under fresh direction. This change points to a more subdued attitude towards the crypto sector and puts innovation above legal action.
Regarding investments, Paradigm revealed a $50 million Series. A commitment to Nous Research, appreciating the distributed artificial intelligence company at $1 billion. Using the Solana blockchain, Nous Research creates distributed artificial intelligence models providing a substitute for conventional centralised training approaches. Building a distributed, incentive-driven AI development network will help the firm confront IT giants.
Final Thoughts
The extraordinary rise of the crypto industry to a $3 trillion valuation underscores how quickly attitudes can change once macroeconomic headwinds subside. Rising above $95,000, combined with growing interest in altcoins and NFTs, Bitcoin Price Surge presents a positive short-term outlook. Major firms like PayPal and Coinbase are building infrastructure around stablecoins, and governments are adopting a more lenient stance, thereby laying the groundwork for the next stage of crypto adoption.
However, the DeFi subset of Web3 decentralizes financial services. DeFi utilizes blockchain technology to eliminate intermediaries, enabling users to lend, borrow, trade, and conduct other financial transactions directly, bypassing the need for banks. Developers and users face both opportunities and challenges as billions of dollars flow into decentralized protocols, which have experienced exponential growth.
Broken Bound and Orbler’s partnership could boost Web3 and DeFi usage. Trusted platforms and infrastructure suppliers become increasingly vital as DeFi mainstreams. This alliance may attract established financial institutions and a new generation of retail consumers seeking decentralized banking solutions by prioritizing security, scalability, and user experience.