Monero goes viral as BTC price targets $100K ahead of Trump’s 100-day speech

• Cryptocurrency market capitalization reclaimed the $3 trillion mark on Monday, erasing delicate losses from the weekend.
• Bitcoin value broke above $95,000 as markets anticipate crypto updates in Trump’s 100-day speech.
• Monero value jumps 50% on bullish tailwinds following a controversial $333 million transaction.
• XMR has emerged because the most-searched token on Coingecko, indicating elevated investor curiosity.    

Cryptocurrency markets skilled a gentle uptick on Monday, reclaiming the $3.1 trillion mark, in keeping with Coingecko’s combination information. United States (US) President Donald Trump is predicted to ship a speech to Congress commemorating his a hundredth day in workplace on Monday.

It stays to be seen whether or not Trump’s speech will type a sell-the-news occasion or if additional directives on crypto rules and Bitcoin strategic reserve will propel markets additional.

Bitcoin market replace: 

Bitcoin price broke above $95,000 as markets anticipate potential crypto updates in President Trump’s upcoming 100-day speech.

Chart of the Day: BTC ETFs gobble up $3.2 billion in six-day shopping for spree 

Bitcoin ETFs entered record-breaking inflows final week. The bizarre BTC ETF demand was linked to Trump’s criticism of Federal Reserve (Fed) Chair Jerome Powell in controversial requires price cuts, prompting institutional gamers to rotate funds out of US-denominated belongings.

Bitcoin ETFs Flows | Supply: Farside

The chart above exhibits how Bitcoin ETFs have recorded constructive flows within the final six days of buying and selling, buying a complete $3.16 billion price of BTC throughout that interval.

In the meantime, CME group’s FedWatch device presently reads solely an 8.9% probability of a price reduce regardless of Trump’s controversial calls final week. With out additional crypto updates in Trump’s 100-day speech Bitcoin ETF demand might taper off this week.

Altcoin market updates: Monero emerges prime trending token, as SUI and XRP pull volumes

The worldwide cryptocurrency market cap rose marginally to $3.1 trillion at this time, reflecting a 0.2% improve during the last 24 hours, in keeping with CoinGecko.

Buying and selling volumes remained wholesome at $83.6 billion, suggesting regular market participation regardless of the cautious broader sentiment.

Monero (XMR) captured headlines as the highest trending token after its value surged over 15% to $274.34.

The rally follows bullish momentum sparked by information of a controversial $333 million transaction traced to Monero, additional highlighting its enchantment as a privacy-focused community.

Monero additionally emerged because the most-searched token on Coingecko, indication robust investor curiosity.

Cryptocurrency market efficiency | Coingecko

In the meantime, Sui (SUI) continued its spectacular efficiency, advancing 2.3% over the previous 24 hours to $3.80.

SUI’s buying and selling quantity crossed $850 million, fuelled by robust ecosystem developments and rising DeFi adoption. Equally, XRP climbed 3.3% to $2.32, benefitting from renewed optimism surrounding Trump’s 100-day speech.

High gainers at this time included Casper Community (CSPR), Unipoly (UNIPOLY), and Parcl (PRCL), every recording 65%, 41% and 29% features respectively.

Altcoin sentiment stays broadly bullish, though many tokens like TRUMP, Solana and Dogecoin are beginning to encounter profit-taking stress after latest robust rallies.

Crypto information updates

ProShares prepares to launch leveraged and brief XRP futures ETFs

ProShares might launch three futures-based ETFs tied to XRP as early as April 30, in keeping with a post-effective amended prospectus filed on April 15.

The proposed products embrace the Quick XRP ETF, the Extremely XRP ETF, and the UltraShort XRP ETF, providing traders publicity to each leveraged features and declines in XRP’s value.

The SEC has not raised objections to the filings, permitting the funds to proceed to market with out additional evaluate.

Nevertheless, whereas the merchandise might turn out to be efficient on April 30, precise buying and selling could possibly be delayed relying on alternate readiness and operational logistics.

ProShares’ XRP futures ETFs would be part of choices from Teucrium Funding Advisors, the primary supervisor to launch a US-listed XRP ETF.

Bitget initiates authorized motion over alleged VOXEL futures manipulation

Bitget has taken authorized motion towards eight account holders accused of manipulating the VOXEL/USDT perpetual futures market on April 20.

The alternate reported that the suspected manipulation resulted in over $20 million in illicit features.

Following an inside investigation, Bitget reversed the irregular trades and restored the affected accounts to regular standing.

The platform acknowledged it might return 100% of the recovered funds to impacted customers by airdrops. An official incident report is predicted to be launched quickly as Bitget continues its investigation. The alternate emphasised its dedication to sustaining truthful buying and selling practices and making certain market integrity throughout its platform.