TLDR
- Crypto market capitalization jumped $13.8 billion to reach $3.80 trillion today
- Bitcoin trades at $111,295 within a $110,000-$112,500 range while testing key levels
- AI tokens led gains with 14% surge, Worldcoin rocketed 55% on reserve news
- Federal Reserve rate cut expectations boost investor appetite for digital assets
The cryptocurrency market added $13.8 billion in value today, pushing total market capitalization to $3.80 trillion. Digital assets posted strong gains across multiple sectors as investors responded to Federal Reserve policy speculation and artificial intelligence token momentum.
Bitcoin currently trades at $111,295, maintaining stability within its established trading range. The world’s largest cryptocurrency continues to test resistance at $112,500 while holding support near $110,000.
Market participants are showing renewed confidence as several factors align to support higher prices. AI-related cryptocurrencies emerged as the day’s top performers, contributing to broader market optimism.
The total crypto market cap now attempts to establish $3.81 trillion as a new support floor. Breaking above this level could target $3.89 trillion in the coming sessions, representing further upside potential for digital asset investors.
AI Tokens Drive Market Recovery
Artificial intelligence cryptocurrencies posted gains exceeding 14% in the past 24 hours. Worldcoin led the sector with a massive 55% rally following major reserve announcements that attracted significant investor attention.
The AI token surge reflects growing interest in blockchain projects focused on machine learning and artificial intelligence applications. These gains helped lift overall market sentiment and encouraged rotation into risk-on assets.
Other altcoins also benefited from the positive market environment. Ethereum continues accumulating within the $4,300-$4,500 range, setting up potential breakout conditions for the second-largest cryptocurrency.
Federal Reserve Policy Supports Risk Assets
Expectations for Federal Reserve interest rate cuts continue driving investor appetite for higher-risk assets like cryptocurrencies. Lower rates typically increase market liquidity and encourage investment in digital assets.
Institutional activity remains strong with continued Bitcoin spot ETF inflows. Corporate adoption also continues, with companies like Metaplanet and Convano expanding their Bitcoin holdings as hedges against currency weakness.
However, security concerns emerged with SwissBorg reporting a $41.5 million hack affecting its Solana staking protocol. The company has pledged partial refunds to affected users and contained losses to this specific service.
Bitcoin’s RSI indicator remains below 50.0, suggesting momentum has room to improve before reaching overbought conditions.
