Today, the cryptocurrency market is in consolidation with slight improvements following recent significant gains. The market capitalization rose by 6.47%, but transaction volume decreased by 15.34%, indicating probable acceleration in regulations.
Trade War Fears
Last week, significant price increases in most cryptocurrencies were triggered by the US President's announcement of plans to establish a crypto strategic reserve. This announcement led to a Sunday recovery of assets, including a rise in Bitcoin’s price from $82,876 to $87,688 on Monday. However, these gains were short-lived due to doubts about regulatory approval and implementation of crypto stockpiles. Another factor affecting price consolidation is Trump’s tariffs: 25% on imports from Canada and Mexico and an increase to 20% on Chinese imports.
Asset Price Dynamics
Over the past 24 hours, many cryptocurrencies have recorded gains. BTC's price rose by 7.02%, reaching $89,940. Similarly, Ether is up 5.75%, trading at $2,225. XRP, BNB, and Solana have surged by 9.45%, 5.35%, and 7.34% respectively.
Top News and Achievements
Celo announced plans to transition its network into an Ethereum Layer 2 mainnet on March 26, 2025. Binance launched the GoPlus Security (GPS) cryptocurrency on its HODler airdrop platform to reward BNB holders. Additionally, Aave issued a new proposal seeking changes in its protocol’s tokenomics, with modifications in risk management and revenue distribution. If the community endorses this proposal, major changes in the protocol's resources will follow.
Over the past 24 hours, Neiro on Ethereum (NEIRO) emerged as the top performer, with a price increase of 41.3%. Following it were Finvesta with a 37.3% surge, Book of Ethereum and Kekius Maximus with increases of 32.6% and 32.2%, respectively. Based Pepe also stood out with a rise of 31.7%.
