- Inflation Eases, Crypto Rallies: Stable CPI data lifted market sentiment, pushing crypto market cap to $3.55T and driving major asset gains.
- Altcoins and Meme Tokens Surge: ETHFI, MOODENG, and BOME led altcoin gains; meme coins like BLUB and DOGE saw volume-driven spikes.
- Institutional and Platform Moves Add Fuel: VanEck’s $VBILL launch and a $458.7M BTC purchase by Twenty One Capital boosted market momentum.
The broader cryptocurrency market continued its upward trajectory on Tuesday, following the release of U.S. inflation data that indicates a potential cooling of consumer prices. According to the latest report from Cryptorank, core Consumer Price Index (CPI) rose by 0.2% month-over-month and remained unchanged at 2.8% year-over-year. This outcome, which came in line with market expectations, appears to have eased concerns over persistent inflation and rate pressures.
Major digital assets rallied across the board in response, with Bitcoin gaining more than $103,000, and Ethereum more than $2,600. On the other hand, the total crypto market capitalization increased to $3.55 trillion demonstrating a 2.96% increase in the last 24-hour. The Fear & Greed Index was 73 reflecting that the “greed” sentiment prevailed in the market. Total spot volume is $79.54 billion while 24 hours liquidations are worth $365.4 million, indicating increased volumes of trading.
Bitcoin Steadies Above $103K, Ethereum Hits Multi-Week High
Bitcoin ($BTC) which saw major gains is currently trading at $103,611, up 0.9% as investor confidence strengthens. The move comes after a brief consolidation near the $100,000 mark, with trading volumes picking up noticeably during U.S. market hours.
Ethereum ($ETH) has risen to $2,627.31 up 6.9% finding strength with positive market conditions. This move pushes ETH to a multi-week high as the decentralized finance and staking space experience renewed activity.
ETHFI, BOME, and MOODENG Lead Altcoin Surge
Ether.fi (ETHFI) is currently trading at $1.35 after recording a more than 30% increase in the last 24 hours. Its trading volume has increased up to $523.36 M with a massive 251.87% increase in trading volume, as interest in the token grows. The token’s spike aligns with increased traction around Ethereum-based financial primitives.
Book of Meme ($BOME) rose to $0.003048 gaining 27.5%, with its trading volumes rising sharply across major decentralized exchanges. MOODENG surged by 37.42% to reach $0.3381, with trading volume climbing 53.19% to $838.97M, positioning the token among the top gainers across several major trading platforms.
Small-Cap Movers: JELLYJELLY and GST Surge with Rising Volume
Several small-cap tokens led gains in the past 24 hours. Jelly-My-Jelly(JELLYJELLY) currently trading at $0.06127, has surged 96.49% following viral engagement bringing its volume to $117.12M which is an increase of 275.79%.
GST is now trading at $0.01162, up 16.61% in the past 24 hours, with its trading volume surging by 433.40% to $21.58 million. The token has a total and maximum supply of 3.28 billion, with nearly all—about 3.27 billion GST—already in circulation.
Meme Tokens Gain Momentum Amid Surging Volumes
Rato The Rat Coin (RATO), trading at $0.00003237 recorded a 6.43% spike, likely due to rising meme coin interest. BLUB (BLUB) is currently trading at $0.075789 after gaining 48.64% in the last 24 hours. Its trading volume rose by 153.42% to $1.59 million, a spike largely attributed to increased network activity on the Sui blockchain.
Meanwhile, the Department of Government Efficiency (DOGE) rose by 32.53% to $0.02423, supported by the expansion of liquidity pools across various decentralized exchanges.
Key Updates: New Listings and Big Buys Fuel Market Momentum
In the latest platform developments, Hyperliquid added spot trading support for Solana ($SOL) and the meme-themed FARTCOIN. Solana is currently trading at $178.76 showing minor gains as new listing momentum continues. FARTCOIN, a newly listed low-cap token, is trading at $1.37 after a 6.49% gain, drawing speculative interest following its recent listing.
VanEck’s launch of its first tokenized U.S. Treasury fund, $VBILL, signals growing institutional interest in real-world asset tokenization. The fund, designed to track short-term T-bills, aims to improve access to government bonds on blockchain networks.
Tether-backed Twenty One Capital confirmed a $458.7 million Bitcoin acquisition. This large-scale buy has added to bullish pressure on BTC markets amid low sell-side liquidity.
With inflationary pressures appearing to ease and renewed investment activity across both small- and large-cap assets, market sentiment remains bullish.
