ASR rose to $8.40, becoming the best-performing altcoin with double-digit gains in the last 24 hours. OG is currently trading at $9.60, having nearly increased by 50%. PENDLE also gained 27%, reaching $5.11. 

With the total cryptocurrency market cap (TOTAL) and Bitcoin rising as market sentiment moves away from fear, investor confidence has increased. 

Ripple Lawsuit and President Trump’s Crypto Moves 

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has ended. Both parties withdrew their appeals in the Second Circuit Court, reaching an agreement. The market welcomed this development positively. Meanwhile, President Donald Trump signed two executive orders aimed at boosting cryptocurrency adoption. One order aims to prevent bank withdrawals, and the other allows crypto assets in retirement portfolios to encourage institutional investments. 

These steps have given new momentum to the crypto sector and contributed to the market value increase. Furthermore, institutional interest in digital assets continues to grow. 

Bitcoin Trading Volume Increase and Market Support 

Bitcoin’s price rose by 2% in the last 24 hours, surpassing the $115,000 level. At the time of writing, it was trading at $116,820. Trading volume reached $67 billion, showing a 20% increase. This indicates that the price rise is supported by solid buying pressure. In other words, growing confidence among investors keeps market movements active. 

Technically, the total market cap has recently surpassed the important 20-day exponential moving average (EMA), signaling a continued upward trend. However, if market sentiment weakens, the $3.73 trillion support level might be tested. Falling below this level could lead to a sharp decline to $3.57 trillion. 

The increase in trading volume and institutional moves have allowed the crypto market to capture a strong bullish trend. 

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