Cryptocurrencies gained 2% on usdt price inrTuesday, pushing the aggregate market cap above the $3.5 trillion mark.
BTC price rose 2% to reclaim the $104,400 level after Monday's pullback to $101,368.
Ethereum, Solana, and Dogecoin emerged as the top performers among the top 10 ranked assets.
The global crypto market capitalization rose by another 2% on Tuesday, retaking the $3.5 trillion milestone after a brief dip toward $3.2 trillion on Monday. Key bullish catalysts include the latest US CPI data, which has fueled expectations of imminent Fed rate cuts.
Bitcoin Market Updates:
Bitcoin price increased by 3% on Tuesday, reaching as high as $104,800 on Binance before facing resistance.
With 24-hour BTC trading volumes at $33 billion, market activity remains near weekly highs.
Chart of the Day: US CPI Data Boosts Crypto Momentum
According to TradingEconomics, the Consumer Price Index (CPI) in the United States rose to 320.80 points in April from 319.80 points in March 2025. Notably, the annual inflation rate eased to 2.3% in April, the lowest since February 2021, below forecasts of 2.4%.
This development has bolstered sentiment across global financial markets, with Bitcoin's near-test of $105,000 fueling gains in mid-range altcoins.
Altcoin Market Updates: Ethereum, Solana, and Dogecoin Signal Fresh Bull Cycle
Altcoins extended their upward trajectory on Tuesday, driven by macroeconomic tailwinds and technical breakouts. The global cryptocurrency market cap climbed 2.2% in the last 24 hours to $3.53 trillion, buoyed by the favorable US CPI data.
Ethereum surged 9.0% to $2,687.03, supported by ecosystem growth and staking momentum. Solana followed with a 5.9% gain to $182.26, while Dogecoin rose 5.7% to $0.239 as retail interest returned to top meme tokens.
When leading meme tokens attract significant inflows and breach key resistance levels, it often signals the start of a new bull cycle. If this trend continues, the rally could extend to mid-cap altcoins and smaller memecoins in the coming days.
Crypto News Updates:
Thailand Announces $150 Million Digital Token Launch
Thailand’s Finance Ministry plans to launch $150 million worth of digital investment tokens, known as G-Token, within the next two months. Approved by the cabinet, this initiative aims to provide the public with investment options offering higher returns than traditional bank deposits.
The G-Token issuance is structured to raise funds for the national budget without being classified as public debt.
Crypto CEO’s Family Survives Kidnapping Attempt in Paris
French authorities are investigating a kidnapping attempt involving the daughter of a prominent crypto company CEO and her two-year-old child in central Paris. The incident occurred Tuesday morning when three masked men tried to force the victims into a van disguised as a delivery vehicle.
The abduction was thwarted when the child’s father intervened, sustaining injuries in the process. The suspects fled but were later found to have abandoned the van nearby. The Paris prosecutor's office suspects financial motives linked to the family’s crypto connections.
