- August 8, 2025
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post Why is the Crypto Market Going Up Today? XRP Price Rises 10%, BTC and ETH Follow appeared first on Coinpedia Fintech News
The crypto market is seeing strong upward movement today, with prices climbing across major coins. In the past 24 hours, the total market capitalization has grown to around $3.87 trillion, rising by 3.04 percent. Ethereum is also making headlines, jumping nearly 6 percent in one day. It’s now trading at $3,909 with a market cap of $472 billion. Experts are now looking for a possible break above $4,000, which could lead to a push toward $4,400 or higher.
Key Reasons Behind Why Crypto Is Going Up Today?
Ripple Headlines Drive XRP Surge
Ripple has agreed to acquire stablecoin platform Rail in a $200 million deal, strengthening its position in the stablecoin market and payment infrastructure. On top of that, Ripple and the SEC have officially ended their long legal battle, with both sides agreeing to drop all remaining appeals in the XRP case. These developments have pushed XRP up over 10% in 24 hours to $3.31, with analysts expecting more upside if fresh partnerships and clearer regulations follow.
U.S. Policy Boost from Trump
Trump signs executive order opening 401(k) retirement market to crypto investments, potentially giving 90 million Americans direct access to digital assets. Another order prevents “de-banking” based on religious or political beliefs, improving financial access. Trump’s public statement that Bitcoin and crypto will “skyrocket like never before” has further lifted market optimism.
Institutional and Corporate Moves
Nasdaq-listed Fundamental Global has filed to raise up to $5 billion, with plans to allocate most of the funds toward building an Ethereum treasury. This move signals strong long-term confidence in ETH. Across the board, altcoins are also gaining — Solana is at $170, Dogecoin is above $0.21, Cardano is at $0.76, Sui is trading at $3.72, and Chainlink is up 7% to $17.62.
Market Sentiment Turning Positive
The Fear and Greed Index sits at 54, showing neutral sentiment, while the Altcoin Season Index has risen to 36 as more traders explore opportunities beyond Bitcoin. Bitcoin itself is trading at $116,474, up 2%. A clean break above $120,000 could trigger fresh buying interest.
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