On April 23, 2025, Bitcoin surged by 5.5% to $94,000, prompting significant gains across altcoins such as Ethereum (10%) and Dogecoin (12%). This spike followed the inauguration of SEC Chairman Paul Atkins, revitalising the crypto market, which saw a 5.89% increase to nearly $3 trillion. Noteworthy gainers include DEEP token (+75%), while XAUt and PAXG noted declines of 3%.
On April 23, 2025, Bitcoin experienced a remarkable spike of 5.5%, reaching $94,000, coinciding with Paul S. Atkins being sworn in as the 34th Chairman of the SEC. This upward movement has also positively impacted prominent altcoins. Ethereum (ETH), XRP, and Solana (SOL) surged nearly 10%, while Chainlink (LINK), Avalanche (AVAX), and Dogecoin (DOGE) increased by over 12% based on the most recent market analyses.
The U.S. crypto landscape continues to thrive during Donald Trump’s presidency, and Atkins’ appointment is a crucial milestone for the industry, resulting in renewed investor interest. The overall cryptocurrency market capitalisation increased by 5.89%, edging closer to the $3 trillion threshold.
As of the latest write-up, Bitcoin is trading around $93,531, marking a 5.61% rise over 24 hours, after initially climbing from $88,000. Its trading peaked at $94,391, with daily trading volume ballooning by 60%.
The surge in Bitcoin’s price has led to substantial gains for key altcoins. Ethereum climbed to $1,816, XRP rose by 8% to $2.296, and SOL saw a 9% increase, surpassing $150. Other noteworthy altcoins, such as Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), and Dogecoin (DOGE) also recorded increases of over 10% today.
This positive trend has rekindled interest in mid-cap altcoins like Uniswap (UNI), Aave (AAVE), and Ondo Finance (ONDO), leading to a bullish sentiment in the cryptocurrency market. Among the day’s top gainers, the DEEP token of DeepBook Protocol achieved an exceptional 75% increase, followed by Immutable (IMX) at 38% and Sui (SUI) at 25%. Conversely, gold-backed stablecoins XAUt and PAXG experienced slight declines of 3% each.
Following the latest data from CoinMarketCap, the global cryptocurrency market cap stands at approximately $2.93 trillion, reflecting a 5.89% uptick and a trading volume of $139.24 billion over the last 24 hours.
