On April 23, 2025, Bitcoin rose 5.5% to $94k following the SEC chair appointment. Major altcoins like ETH, XRP and SOL increased nearly 10%, while LINK, AVAX, and DOGE surged over 12%. The global crypto market cap reached $2.93 trillion, with a trading volume of $139.24 billion. DEEP token led gains at 75%, while stablecoins XAUt and PAXG dropped 3%.
On April 23, 2025, Bitcoin experienced a notable surge of 5.5%, reaching a price of $94,000, following the swearing-in of Paul S. Atkins as the new Chairman of the SEC. This event positively impacted the cryptocurrency market, significantly raising interest and confidence among investors. Other major altcoins such as Ethereum (ETH), XRP, and Solana (SOL) also saw increases of nearly 10%, while Chainlink (LINK), Avalanche (AVAX), and Dogecoin (DOGE) notably pumped over 12%.
The investment landscape in the U.S. continues to thrive under Donald Trump’s administration, with Atkins’ role signaling a pivotal shift for the cryptocurrency sector. As a result, the overall crypto market capitalisation rose by 5.89%, approaching the $3 trillion mark. Currently, Bitcoin is trading around $93,531, marking an increase of 5.61% over the previous 24 hours, after starting from approximately $88,000.
Bitcoin’s upward movement has catalysed substantial gains in other leading altcoins, with ETH rising to $1,816, XRP climbing to $2.296 at an 8% increase, and SOL breaking the $150 barrier with a 9% surge. Other notable cryptocurrencies like ADA, AVAX, LINK, and DOGE also registered gains exceeding 10%. This resurgence has rekindled interest in mid-cap altcoins such as UNI, AAVE, and ONDO, with an overall bullish sentiment growing across the crypto market.
On the list of top gainers, the DEEP token has taken the lead with a remarkable increase of 75% in just one day, followed by Immutable (IMX) with a 38% rise and Sui (SUI) with a 25% increase. Conversely, the gold-backed stablecoins XAUt and PAXG saw declines of 3%.
The global cryptocurrency market cap is currently valued at $2.93 trillion, with a 24-hour trading volume of $139.24 billion, according to CoinMarketCap data. Noteworthy trending cryptocurrencies include SUI, DEEP, and Pi Coin (PI).
Today’s Top Gainers:
– DEEP (DeepBook Protocol): +75%
– IMX (Immutable): +38%
– SUI (Sui): +25%
– BONK (Bonk): +23%
– FLOKI (Floki): +18%
Today’s Top Losers:
– XAUt (Tether GOLD): -3%
– PAXG (PAX Gold): -3%
– AB (Ab): -2%
– WEMIX (WEMIX): -2%
Also read: Immutable Price Jumps 47% as Co-Founder Hints at Major Deal.
