- Crypto market cap bounced back above $3 trillion as Bitcoin reclaimed $95K with strong ETF inflows.
- Solana stablecoins hit a record high, while meme tokens like TRUMP and Fartcoin saw major surges.
- U.S. GDP dipped while China’s economy grew, fueling global market rallies alongside crypto.
After weeks of market jitters and heavy selling—thanks in no small part to Trump’s trade war chest-thumping—crypto is suddenly back on the upswing. According to CoinGecko’s latest numbers, the total market cap has climbed back over the $3 trillion mark, showing that not even tariffs on steel, cars, and, well, pretty much everything can keep digital assets down for long.
Bitcoin? It’s cruising past $95K again—for the first time in two months, actually—and it’s picking up steam.
Imports, ETFs, and one heck of a bounce
The recent dip across global markets was sparked by companies racing to import goods ahead of massive new tariffs. But crypto didn’t stay down for long. Bitcoin, in particular, saw a 2.2% jump in the last 24 hours, now hovering around $96,297. That’s not far off from where it was before the trade storm began.
CryptoQuant reported that exchange outflows are down 18%, which usually means selling pressure is easing up. Less dumping, more holding.
And the real kicker? Spot Bitcoin ETFs in the U.S. saw a $3.06 billion inflow last week alone. That’s a lot of fresh capital pouring in—and it probably helped lift BTC back above $95K.
Solana, Trump tokens, and… Fartcoin?
The rally isn’t just about Bitcoin. On Solana, stablecoin activity hit an all-time high with $13.11 billion locked in, jumping $400 million in just one week. Meanwhile, the TRUMP token spiked 60% after it was revealed that top holders are getting invited to some exclusive dinner thing. And yes—Fartcoin somehow clawed its way back to a $1 billion market cap. Gotta love crypto.
Big moves behind the scenes
Then there’s the heavyweight news. Brandon Lutnick, Cantor Fitzgerald’s new chairman, announced the creation of Cantor Equity Partners—a new venture backed by SoftBank, Tether, and Bitfinex. Their goal? Launch 21 Capital with an initial $3 billion BTC investment.
In DeFi, Unichain exploded after kicking off a $21M liquidity campaign on April 15. Its total value locked (TVL) jumped 45% to $464M—that’s up 5,000% since the launch. Meanwhile, Hyperliquid’s TVL just broke $700 million, with its market cap hitting $570M… not bad for a protocol that launched in February.
Macro stuff: U.S. stumbles, China sprints
Crypto’s bounce is happening just as the U.S. economy hit a rough patch. New GDP data showed the first contraction in three years, hinting at a possible recession. Trump, of course, blamed Biden: “This is Biden’s Stock Market, not Trump’s,” he posted on Truth Social. Classic.
At the same time, China’s economy is heating up. It grew at a 5.4% annual rate in Q1, beating forecasts and giving its markets a bit of a boost. Analysts at FXLeaders say a big part of the U.S. slump might’ve come from companies scrambling to import goods before Trump’s tariffs hit 90 countries. Kinda makes sense.
Markets rally across the board
It’s not just crypto feeling the lift. The U.S. dollar index crept up to 99.65 after dipping below 98 last week. Stocks also joined the party—Dow’s up 2.5%, S&P 500 rose 4.6%, and the Nasdaq jumped 6.7%. Altogether, U.S. equities gained about 4% last week and are now up 14% from April’s lows.
Seems like the market liked hearing whispers that the White House might be softening its tone on China. So yeah, crypto’s not rallying in a vacuum—everything’s moving.
