Major Altcoins On Bull Run

Altcoins Rally as Bitcoin Leads Market Momentum

All major altcoins just outside the top ten cryptocurrencies are trading in the green today, riding the upward momentum sparked by Bitcoin’s rally. Here’s a closer look at how key assets are performing:

---

XRP:
XRP recorded a modest 1.06% gain, currently trading at $2.34. The token holds a market cap of $137.88 billion and a 24-hour trading volume of $2.05 billion, with 58.68 billion XRP in circulation. After a 5.53% decline on Friday, XRP found support at its 50-day EMA ($2.30) over the weekend. If this level continues to hold, the price may rebound toward the next resistance zone at $2.72.

---

BNB (Binance Coin):
BNB is up 1.16%, trading at $673.85. Its market capitalization stands at $94.94 billion, supported by a daily volume of $1.59 billion. With 140.88 million BNB in circulation, the token remains in step with broader market movements.

---

Solana (SOL):
Solana continues to attract investor interest, rising 1.80% to $177.25. It boasts a market cap of $92.22 billion and a robust trading volume of $3.17 billion. The circulating supply sits at 520.28 million SOL, with strong demand driven by its leadership in the DeFi and NFT ecosystems.

---

Cardano (ADA):
ADA leads the top altcoin gains today with a 2.53% surge, reaching $0.7618. Its market capitalization is $26.92 billion, supported by a $632.43 million daily volume. With 35.33 billion ADA in circulation, Cardano’s momentum reflects increased confidence in its scalability and ongoing development.

---

TRON (TRX):
TRX posted a 0.24% gain, now priced at $0.2726. It maintains a market cap of $25.87 billion and a trading volume of $540.81 million, with 94.87 billion TRX in circulation. TRON continues to cement its position as a leader in stablecoin transactions and DeFi infrastructure.

Crypto Market Update: DOGE Rallies, Stablecoins Steady, and Global Shifts Shape Sentiment

Meme Coin Momentum: DOGE Climbs to $0.2277
Dogecoin, the leading meme cryptocurrency, posted a 1.65% gain, reaching $0.2277. With a market cap of $34.04 billion and daily trading volume of $1.49 billion, DOGE continues to benefit from strong social media traction and a loyal community base. Its 149.41 billion circulating supply positions it as a dominant meme asset in the current market cycle.

---

Stablecoins Remain Firm Amid Market Volatility

• Tether (USDT): Holding steady at $1.00, USDT rose just 0.03% today. Backed by a $152.8 billion market cap and a significant $66.47 billion in 24-hour volume, it remains the cornerstone of crypto market liquidity with 152.73 billion tokens in circulation.

• USD Coin (USDC): Trading at $0.9999 with a negligible 0.01% movement, USDC maintains its peg with $61.69 billion in market capitalization and $8.94 billion in daily trading volume. Circulating supply aligns at 61.7 billion USDC, offering traders a stable hedge.

---

Key Developments Reshaping the Crypto Landscape

1. Pakistan Enters the Mining Race
In a significant policy move, Pakistan has allocated 2,000 MW of surplus energy for Bitcoin mining and AI infrastructure, aiming to attract foreign capital. This initiative could boost global hash rates and elevate Pakistan’s presence in crypto infrastructure, potentially drawing increased institutional focus.

2. Crypto Wallets vs. ETFs: Cathie Wood’s Take
ARK Invest CEO Cathie Wood emphasized that while crypto ETFs serve as an entry point, wallet-based adoption is the long-term future. Despite over 200 million active Bitcoin wallets worldwide, institutional products continue to attract inflows, with $2.75 billion entering U.S. spot Bitcoin ETFs in the week ending May 23, according to Bitbo data.

3. Trump’s Crypto Ventures Spark Controversy
Former President Donald Trump’s crypto-related activities—including meme coin promotions and deals involving foreign entities—are drawing scrutiny. Senate Democrats, led by Chuck Schumer and Jeff Merkley, have introduced legislation aimed at preventing any potential misuse of public office for financial gain.
Ethics expert Richard Painter highlighted concerns over a planned event rewarding Trump coin investors, citing “the appearance if not the reality of corruption.”

---

Market Overview: Altcoins Take the Lead

While Bitcoin remains the dominant asset by value, the market is seeing broader gains, with total market capitalization rising 1.22%. Altcoins like Cardano (+2.53%) and Solana (+1.80%) are outperforming Bitcoin in short-term returns. Ethereum, nearing the critical $2,800 resistance level, could either break out or face selling pressure, depending on broader sentiment. Stablecoins like USDT and USDC continue to offer vital liquidity for traders.

---

Conclusion: Optimism Meets Caution in May 2025

The crypto market is buoyed by institutional engagement, innovative investment strategies, and geopolitical infrastructure shifts. With Bitcoin approaching the $110K mark, Ethereum showing resilience, and altcoins outperforming, momentum appears strong.

However, regulatory questions—highlighted by Trump’s ventures and bipartisan concerns—underscore the fine balance between innovation and oversight. As nations like Pakistan embrace mining and voices like Michael Saylor and Cathie Wood push for wider adoption, 2025 could be a transformative year for digital assets, marked by both opportunity and accountability.