Why Is Crypto Market Up Today: Key Factor and Future Market Prediction

The global crypto market is showing signs of growth again. As of now, the total cap stands at $2.66 trillion, which marks a 0.51% increase in just the last 24 hours. Even though trading activity is slightly down—total trading volume dropped by 1.13% to $74.57 billion—this rise in overall value has caught the attention of the entire community.

Bitcoin continues to dominate the scene with 62.98% market share, although that’s a slight drop of 0.11% from the previous day. Stablecoins remain heavily traded, with a total volume of $69.19 billion, making up a big 92.79% of all trading volume. Meanwhile, DeFi tokens contributed $6.31 billion in 24-hour volume, which is 8.46% of total activity.

Why Is Crypto Market Up Today?

Powell’s Speech and Rising Bond Yields : US Federal Reserve Chair Jerome Powell recently spoke at the Economic Club of Chicago. He addressed the rising US Treasury bond yields, with the 10-year yield at 4.314% and the 5-year at 3.950%. He said these changes were caused by “unique developments,” including sector uncertainty and President Donald Trump’s tariff plans.

• Market narratives can shift quickly.

• Hedge funds are deleveraging, generating volatility.

• Industry conditions are "orderly" in spite of uncertainty.

His speech made investors uncertain about the upcoming monetary policy, prompting them to move towards safe-haven assets such as Bitcoin and gold.

Run-Up in Bitcoin and Gold Prices : Gold has just set a new record high of $3,329 per ounce, which is generally a signal that investors are apprehensive. As fear levels go higher globally, most individuals prefer to park value in safe-haven assets.

Bitcoin is hot on its heels. It's currently trading close to $84,714.61, with positive higher highs and higher lows:

Source: CoinMarketCap

• MACD crossover validates uptrend.

• RSI at 52, reflecting neither overbought nor oversold.

• Growing ETF inflows signal growing institutional interest.

Experts like Robert Kiyosaki have pointed out that assets with scarcity of supply like gold, silver, and BTC can be in even greater demand in times of uncertainty.

Fear and Greed Index Shows Investors Still Leery

Despite the recent price hike, investor mood is still soft. The Fear and Greed Index is now at 30 (Fear). That's up a bit from yesterday's 29, but still indicates that people are apprehensive about investing.

Last week, the index was 39, and a month ago it was 34. When fear is extreme, it can sometimes be a buying opportunity for those who are long-term believers in growth. But it also indicates that the market can easily turn either way based on future news.

Will Crypto Crash Again?

In the future, the crypto sector may be affected by a number of significant events. These include:

• Upcoming U.S. Monetary Policy Statement

• Unemployment Claims Report

• European Central Bank (ECB) Press Conference

• Rising Tensions Around U.S.-China Trade

All of these events could shake the industry again. Experts are warning that the market could go either up or down, depending on how these events unfold. At this juncture, it's difficult to make a precise prediction.

Nevertheless, the crypto market has demonstrated that even minor news updates can shift prices. Therefore, it's crucial for investors and the crypto community to remain vigilant and monitor global developments closely.

Conclusion

The crypto market is up today, but the reasons are complex. Global fear, gold’s surge, and central bank comments are all pushing prices. At the same time, caution remains strong among investors. With big economic decisions coming soon, the next move in the crypto sector could be just around the corner.