Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Crypto market cap surpasses $3 trillion following recovery from trade policy shock

Source Cryptopolitan

Coingecko’s aggregate data showed the total crypto market capitalization has reclaimed the $3 trillion milestone after weeks of market sell-offs triggered by Trump’s trade policies. Bitcoin also bounced back past the $95,000 mark for the first time in two months.

Driving the drop in global markets was an increase in imports, as companies rushed to front-run sweeping tariffs on autos, steel, aluminum, and goods from nearly every country.

The digital asset’s market cap remains roughly 19% lower than its all-time high of $3.7 trillion recorded in December 2024. Bitcoin is currently trading at $96,297 at the time of publication, a 2.2% increase in the past 24 hours.

Crypto market capitalization reclaims $3 trillion

📈 Total Crypto Market Cap Reclaims $3T. Only BTC matters. pic.twitter.com/xgz0CkRBfM

— Alan Knitowski ∞/21M (@alanknit) May 1, 2025

The global crypto market capitalization is currently at $3.13 trillion, a 1.7% change in the last 24 hours. CryptoQuant’s Exchange Flow Data showed the net transfer volume from exchanges dropped by 18%, indicating reduced selling pressure from investors.

Bitcoin has also had a positive week, trading above the $95,000 mark for the first time in two months. The digital asset has had a 3.75% surge in the last seven days and is trading slightly above $96K.

Source: Coingecko.The Global Cryptocurrency Market Cap

BTC’s incline coincided with a significant $3.06 billion inflow into U.S. spot Bitcoin ETFs. Geopolitical developments also added momentum to the rally after U.S. President Donald Trump announced a partial easing in the U.S.-China trade war.

On-chain data showed Stablecoins on Solana reached a new all-time high with a $13.11 billion market cap, marking a $400 million weekly increase. The TRUMP token also surged 60% after news of a private dinner event for its top 200 holders, while Fartcoin reclaimed a $1 billion market cap.

The rally of crypto assets continued as Cantor Fitzgerald’s new chairman, Brandon Lutnick, announced the formation of Cantor Equity Partners in collaboration with SoftBank, Tether, and Bitfinex. The firm said it aims to establish 21 Capital with an initial $3 billion in Bitcoin investment.

Unichain also stood out in the DeFi sector with a 45% increase in DeFi TVL to $464 million after launching a $21 million liquidity campaign on April 15, causing a staggering 5,000% growth since then. Hyperliquid’s TVL reached an all-time high above $700 million, and its total market cap surpassed $570 million, marking a 100x increase from its February launch.

Crypto market rebound follows decline in U.S. growth for Q1

The virtual asset rebounded after concerning U.S. GDP numbers indicated economic decline in Q1 2025. Trump pointed the finger at former President Joe Biden due to the drop in global markets in response to the gross domestic product report. He wrote on Truth Social, “This is Biden’s Stock Market, not Trump’s.”

“Trump wanted to show strength this week. Instead, the numbers showed weakness. The U.S. economy is reacting to the disruption. China, for now, is getting a lift.”

-Joseph Foudy, Professor at NYU’s Stern School of Business.

GBP data showed the U.S. economy shrank for the first time in three years in the first quarter, raising concerns of a recession. China’s economy grew at a faster-than-expected annual rate of 5.4% in the same timeframe. Crypto market analytics firm FXLeaders speculated the economic slump was caused by companies accelerating imports ahead of President Trump’s tariffs on about 90 countries.

The U.S. dollar index was up 0.4% at 99.65 after hitting a three-year low below 98 early last week. The broader financial market also rallied last week along with crypto, with the Dow Jones Industrial Average rising by 2.5%, the S&P 500 by 4.6%, and the Nasdaq Composite gaining 6.7%. U.S. stocks also surged by 4% last week and are now up 14% from their April lows last week as the U.S. indicated signs it may soften its trade stance on China.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Dollar presses 102 as the 10-year yield sits at 5.14% — and October hike odds are only 17%The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.

Author Irene Q.

Oct 20, Tue

The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.

The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hike A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Author Irene Q.

Oct 22, Thu

A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 23, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 23, 2026. Read on for the details.

Author Mitrade

Oct 23, Fri

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 23, 2026. Read on for the details.

Nasdaq closes at 26,008.86 — 8.9 points above 26,000, and the credit market never blinked The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Author Irene Q.

Oct 23, Fri

The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Brent tops $113 on Saudi supply risk — but the diesel line in the EIA report is the tell Brent's December contract settled at $113.17 on October 22, up 4.00% and the highest close since May 4, after Saudi Arabia restricted refined-product shipments. The same session's EIA report showed crude stocks down 3.06 million barrels and gasoline down 2.95 million — but distillates built 1.68 million. That single line decides whether $113 holds: here are the data, the 108.8 / 114.0 / 119.3 levels and the two scenarios.

Author Irene Q.

Oct 23, Fri

Brent's December contract settled at $113.17 on October 22, up 4.00% and the highest close since May 4, after Saudi Arabia restricted refined-product shipments. The same session's EIA report showed crude stocks down 3.06 million barrels and gasoline down 2.95 million — but distillates built 1.68 million. That single line decides whether $113 holds: here are the data, the 108.8 / 114.0 / 119.3 levels and the two scenarios.

Popular Symbols