- Bitcoin approaches $100K while Ethereum nears $1,900 amid market recovery.
- Ethereum’s “Pectra” upgrade strengthens its lead as the top smart contract platform.
- Small-cap tokens surge, with Alpaca Finance and REVOX showing explosive gains.
The crypto market is witnessing a significant upturn as major tokens climb higher, fueled by strong momentum and optimistic sentiment. According to CryptoRank data, Bitcoin is approaching the critical $100,000 mark, while Ethereum is inching toward $1,900. The broader market is showing signs of recovery, bolstered by steady monetary policy and renewed investor confidence.
This rally has pushed the total crypto market capitalization to $3.19 trillion. At the same time, liquidations reached $294.5 million in the past 24 hours, signaling high volatility and intense trading activity.
Significantly, the Federal Reserve’s decision to maintain interest rates at 4.25%–4.50% has added clarity to the market. However, the likelihood of a rate cut in June has sharply declined to just 31%, down from 60% a week ago. Despite this, the Fear & Greed Index currently stands at 65, indicating growing investor greed and a risk-on appetite.
🟢Market Overview
— CryptoRank.io (@CryptoRank_io) May 8, 2025
Market is turning green, with $BTC nearing $99K and $ETH approaching $1.9K.
Fed left rates unchanged at 4.25%–4.50% as expected, and the odds for a cut in June have tumbled to 31% from 60% just a week ago.
Market Cap: $3.19T
24h Liquidation: $294.5M
Fear &… pic.twitter.com/BQ0Po3uF6Q
Big Tech Moves and Ethereum’s Major Upgrade
While the macroeconomic backdrop stabilizes, major news events are shaping the crypto landscape. Ethereum has officially activated its long-awaited “Pectra” upgrade, aimed at enhancing network efficiency and user functionality. This upgrade could further strengthen Ethereum’s position as the leading smart contract platform.
In another headline, Robinhood has revealed plans to launch a blockchain-based platform for U.S. securities trading in Europe. This move signals traditional finance’s deeper integration with blockchain technologies. Meanwhile, Movement Labs made waves after abruptly firing co-founder Rushi Manche, a move that surprised the community and raised questions about internal stability.
Small Cap Gainers Show Explosive Growth
As per the data thrown by CoinGecko at the time of writing, many maller-cap tokens are riding the wave of bullish sentiment. Alpaca Finance ($ALPACA) surged 78.3% in 24 hours to $0.3493, despite a 33.58% drop over the past week. Its trading volume hit $234.1 million, pushing its market cap to over $50.8 million.
REVOX ($REX) jumped 50.5% to $0.04114, boasting a 57.31% daily gain and 18.37% over the past week. With a 900 million supply, its market cap now stands at $36.85 million.
DuckChain Token ($DUCK) climbed 44.3% to $0.003121, with its 24-hour volume reaching $16.4 million. TITCOIN also gained 35.4%, trading at $0.04014 and soaring 115.25% in the past week. Balance ($EPT) rose 32.5% to $0.01107. With a market cap of $25.5 million, it saw a healthy 9.75% weekly rise.
