Bitcoin Surges Past $95k, Cardano Soars 60% on Trump's Crypto Endorsement

The crypto market today has witnessed a significant surge, with Bitcoin brushing against the $95k mark and Cardano's price increasing by over 60%. The market cap of the crypto business has surged by 9.01% to $3.09 trillion, driven by investor optimism fueled by U.S. President Donald Trump's endorsement of a strategic crypto reserve.

Bitcoin, the largest cryptocurrency, has made remarkable moves, climbing from a low of $85k to a peak of $95k in just 24 hours. At the time of writing, Bitcoin's price stands at $92,935.81, an 8.17% increase from the previous day. The cryptocurrency saw $66.9 billion worth of trade since yesterday, with its dominance remaining at 59.7%.

Among altcoins, Ethereum, the second-largest cryptocurrency, posted a solid 9.90% price hike to $2,446.46. XRP also enjoyed an impressive gain of 24.77% to hit $2.80, while Solana saw a similar uptrend, gaining 18.41% and reaching $169.99.

Cardano has emerged as the day's top performer, surging 61.79% to $1.07. This bullish trend aligns with its allocation in Grayscale's smart contracts fund and whale accumulations. Other notable gainers include XCN, which rose 32.77% to $0.02037, and XRP, which gained 25.44% to $2.82. However, some assets like MKR, TIA, and BERA saw losses, with MKR dropping 7.21% to $1521.07.