On April 23, 2025, Bitcoin rose by 5.5% to $94,000 amid significant SEC leadership changes. Major altcoins like ETH, XRP, and DOGE followed suit, posting impressive gains. The global crypto market cap increased to $2.93 trillion, reflecting a bullish trend across the board. Meanwhile, DEEP token leads daily gains at 75%, while minor declines were noted for gold-backed stablecoins.
On April 23, 2025, Bitcoin prices surged by 5.5%, reaching $94,000, coinciding with the inauguration of Paul S. Atkins as the 34th Chairman of the SEC. This event is seen as a catalyst for renewed interest in the crypto market, which has led to significant gains for various altcoins. Ethereum (ETH), XRP, and SOL have increased nearly 10%, while Chainlink (LINK), Avalanche (AVAX), and Dogecoin (DOGE) have experienced over 12% growth in their values.
The domestic crypto market in the U.S. is thriving under Donald Trump’s presidency, and Atkins’s appointment marks a pivotal moment for the industry. Following this news, the total crypto market capitalization rose by 5.89%, approaching the $3 trillion milestone. Currently, Bitcoin trades at approximately $93,531, representing a 5.61% rise over the last day, with trading volumes up by 60% from previous levels.
As a result of Bitcoin’s spike, leading altcoins have also shown significant price increases within a 24-hour period. ETH climbed to around $1,816, XRP rose by 8% to $2.296, and SOL exceeded the $150 mark with a growth rate over 9%. Additional altcoins such as ADA, AVAX, LINK, and DOGE have all reported gains exceeding 10% in the same timeframe, demonstrating a bullish sentiment in the market.
The recent price movements have highlighted the resurgence of mid-cap altcoins like UNI, AAVE, and ONDO, contributing to an overall positive market sentiment. Among today’s top performers, DEEP token leads with a remarkable 75% increase in one day, followed by IMX with a 38% rise and SUI at 25%. Conversely, only two assets, XAUt and PAXG, have shown minor declines of 3%.
As reported by CoinMarketCap, the global crypto market cap currently stands at $2.93 trillion, reflecting a 5.89% increase, with a 24-hour trading volume of $139.24 billion. The positive market momentum indicates a renewed investor interest following recent high-profile developments.
