Cryptocurrency costs have spiked during the last day, however fears of an enormous correction are trailing the “Sunday pump.” Amid a cautious strategy by traders, crypto costs at present have powered the trade to a market capitalization of $3.30 trillion, with BTC, ETH, XRP, and SOL surging.
Crypto Prices Today: BTC, ETH, XRP, and SOL Continue Their Fine Run
While traders anticipated a weekend marked by sideways buying and selling, cryptocurrency costs defied market expectations to embark on a rally. The surge in crypto costs at present left traders scratching their heads over a rally that bounced from skinny air.
Bitcoin led the vanguard, racking up almost 2% during the last day to inch towards its earlier all-time excessive. According to an X post by The Kobeissi Letter, the surge above $105,000 noticed Bitcoin commerce at solely 3.5% away from setting a brand new all-time excessive.
On the opposite hand, Ethereum recorded modest beneficial properties during the last day, buying and selling at $2,413 after a powerful run during the last week. However, XRP is holding onto its earlier beneficial properties after surging by almost 2% during the last day on the again of an XRP futures itemizing on Monday.
Solana rode the wave of hovering crypto costs at present to commerce above $170, gaining over 2% in 24 hours. Furthermore, PEPE and Pi recorded spectacular beneficial properties, garnering 7% and 5% respectively during the last day. After Pi’s disappointment at Consensus 2025, costs are selecting themselves gingerly with the $100 VC launch contributing a fair proportion.
Investors Remain Wary Over The Sudden Sunday Pump
The sudden surge in crypto costs at present has traders exercising warning within the markets. Traders are scanning the horizon for indicators of a long-term rally, whereas others are terming the surge as a “Sunday fakeout.”
The pseudonymous Sykodelic famous Sunday value pumps have a streak of reversing pushed by a number of components. For starters, low liquidity over the weekend and the absence of institutional traders usually set off a reversal at first of the week.
“I never trust a Sunday pump,” stated crypto investor Scott Melker.
Already, analysts are predicting a Bitcoin reversal to $99K after a stellar run that despatched costs above $105,000. A broad dip in costs might even see the worldwide cryptocurrency market capitalization threaten to fall beneath $3 trillion, however macroeconomic components are propping costs.
As US-China tariff tensions ease, crypto costs at present are driving a bullish wave whereas Trump continues to pile the stress on the Federal Reserve to chop rates of interest.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and rising applied sciences journalist with a knack for masking needle-moving tales within the house. Aliyu delivers breaking information tales, regulatory updates, and insightful evaluation with depth and precision. When he isn’t poring over charts or following leads, Aliyu enjoys taking part in the bass guitar, lifting weights and working marathons.
Disclaimer: The offered content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability in your private monetary loss.
