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Highlights
- Cryptocurrency prices have rallied in stunning fashion with BTC and ETH notching considerable gains.
- Despite the rally, analysts are warning investors of a steep pullback.
- The cryptocurrency market capitalization has surged to $3.28 billion while daily trading volumes are up 16%
Cryptocurrency prices have spiked over the last day, but fears of a massive correction are trailing the “Sunday pump.” Amid a cautious approach by investors, crypto prices today have powered the industry to a market capitalization of $3.30 trillion, with BTC, ETH, XRP, and SOL surging.
Crypto Prices Today: BTC, ETH, XRP, and SOL Continue Their Fine Run
While investors expected a weekend marked by sideways trading, cryptocurrency prices defied market expectations to embark on a rally. The surge in crypto prices today left investors scratching their heads over a rally that bounced from thin air.
Bitcoin led the vanguard, racking up nearly 2% over the last day to inch toward its previous all-time high. According to an X post by The Kobeissi Letter, the surge above $105,000 saw Bitcoin trade at only 3.5% away from setting a new all-time high.
On the other hand, Ethereum recorded modest gains over the last day, trading at $2,413 after an impressive run over the last week. However, XRP is holding onto its previous gains after surging by nearly 2% over the last day on the back of an XRP futures listing on Monday.
Solana rode the wave of soaring crypto prices today to trade above $170, gaining over 2% in 24 hours. Furthermore, PEPE and Pi recorded impressive gains, garnering 7% and 5% respectively over the last day. After Pi’s disappointment at Consensus 2025, prices are picking themselves gingerly with the $100 VC launch contributing a fair share.
Investors Remain Wary Over The Sudden Sunday Pump
The sudden surge in crypto prices today has investors exercising caution in the markets. Traders are scanning the horizon for signs of a long-term rally, while others are terming the surge as a “Sunday fakeout.”
The pseudonymous Sykodelic noted Sunday price pumps have a streak of reversing driven by several factors. For starters, low liquidity over the weekend and the absence of institutional investors often trigger a reversal at the start of the week.
“I never trust a Sunday pump,” said crypto investor Scott Melker.
Already, analysts are predicting a Bitcoin reversal to $99K after a stellar run that sent prices above $105,000. A broad dip in prices may see the global cryptocurrency market capitalization threaten to fall below $3 trillion, but macroeconomic factors are propping prices.
As US-China tariff tensions ease, crypto prices today are riding a bullish wave while Trump continues to pile the pressure on the Federal Reserve to cut interest rates.
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