Sakshi Jain
05-11-2025
Overall Crypto Market Update:
The global cryptocurrency market cap stands at $3.43 trillion, sharply declined 6% in the last 24 hours.
Daily trading volume reached $311 billion.
Bitcoin remains the leader with a 58.8% dominance, while Ethereum holds a 11.4% share.
A total of 19,416 cryptocurrencies are currently being tracked.
The largest gainers are the AI Framework and the XRP Ledger Ecosystem
The global crypto market has lost over $1 trillion in value since October 6th, driven by excessive leverage and rapid liquidations. Despite strong adoption and tech growth, market swings have intensified. Over 300,000 traders face daily liquidations, and Bitcoin is officially down 20%, entering bear territory.
Source: Forex Factory
24 Hour Crypto Market Update
Bitcoin (BTC) and Ethereum (ETH) Price:
Bitcoin is currently priced at $101,118, down 5.4% in the past 24 hours. With $113 billion in trading volume and a $2 trillion market cap.
Ethereum trades at 3,256.79, dips 10.4% in the last 24 hours, with a $393 billion market cap and $73 billion in trading volume.
Top 5 Trending Coins in the Last 24 Hours:
Momentum (MMT) at $1.98, up 447.7% with TV of $3.6B.
Firo (FIRO) at $1.74, up 10.4% with TV of $1.19M.
Bitcoin (BTC) sits at $101,410, down 5.4% with TV of $117.1B
Aster (ASTER) at $0.97, rising 5.5% with TV of $1.53B.
Pudgy Penguins (PENGU) is $0.01436, down 7.9% with TV of $383M.
Top 3 Gainers:
Momentum (MMT) trades at $1.91, surging 469.9% with TV $3.51B.
DeAgentAI (AIA) is priced at $2.82, jumping 138.3% with TV $84.5M.
Giggle Fund (GIGGLE) stands at $100.27, up 67.8% with TV $785M.
Top 3 Losers:
XUSD trades at $0.25, down 73.2% with a trading volume (TV) of $351K.
XPIN is priced at $0.0036, dropping 39.9% records a TV of $26.5M.
MBG stands at $0.50, falling 34.4%, with a TV of $8M.
Stablecoins and Defi Update:
Stablecoins hold a market cap of $309 billion with $243 billion in trading volume, representing no change.
The DeFi market cap stands at $121 billion, declined 4.8% in the last 24 hours, with a trading volume of $15.6 billion. DeFi dominance remains at 3.5%.
Source: Alternative Me
The Bitcoin Fear & Greed Index currently shows “Extreme Fear” at 23, reflecting investors’ anxiety amid volatility and recent price drops. Just a week ago, sentiment was neutral, and last month it showed greed, indicating a sharp shift from optimism to caution as traders pull back amid uncertainty.
1. Gemini Plans Prediction Market Amid CFTC Review:
Gemini, founded by the Winklevoss twins, plans to launch prediction industry contracts.
The firm applied to the CFTC in May to establish a designated contract market (DCM).
Approval is pending and may face delays from the shutdown.
2. U.S. Sanctions DPRK Bankers:
U.S. Treasury sanctioned 8 individuals, 2 entities tied to North Korea.
They laundered over $3B in stolen crypto to fund DPRK’s nuclear, missile programs.
Sanctioned banks, firms in China, Russia linked to illegal cyber, IT operations.
3. Berachain Recovers $12.8M From Balancer Hack:
Berachain confirmed full recovery of $12.8M from the BEX/Balancer v2 exploit.
HONEY minting and redemption resumed.
Exploited pool funds will be redistributed soon.
Withdrawals from safe pools remain paused pending investigation.
4. Trump-Switzerland Trade Tariffs:
Talks will continue in the coming weeks between the two nations over trade tariffs
Currently, the U.S. charges a 39% tariff on Swiss goods
Tariff will be reviewed under ongoing negotiations.
5. U.S. Government Shutdown:
The U.S. government shutdown has entered day 35, the longest in history.
Since October 1st, the government has borrowed $600 billion, averaging $17 billion daily.
6. Airspace Shutdown Possible:
The Department of Transportation warned that airspace may face closures if the shutdown continues.
Around 50% of air traffic control facilities are short-staffed.
Around 90% of controllers in the New York area are unavailable.
Over 3.2 million passengers have faced delays or cancellations since October, expected to hit 10 million by December 2025
13,000 controllers are currently working without pay.
7. U.S. Labor Department Halts Key Economic Data:
The Labor Department announced it will suspend all major economic reports during the shutdown.
This includes jobs, inflation, retail sales, and housing data.
The blackout may last over 60 days, leaving the Federal Reserve to cut rates without fresh data.
8. China Cuts U.S. Treasury Holdings to 22-Year Low:
Amid rising U.S. debt and shutdown woes, China’s share of U.S. Treasuries fell to 8%, a 22-year low.
This shift signals global concerns over U.S. fiscal stability.
Analysts warn it could increase borrowing costs and weaken foreign investor trust.
9. SNAP Benefits Frozen Until Shutdown Ends:
President Trump confirmed that SNAP benefits will restart only after the government reopens.
Over 40 million Americans depend on the program for food assistance.
The White House blamed Democrats for the delay.
Partial payments are being issued under court orders, affecting 42 million recipients nationwide.
10. Trump Ends 'Biden’s War on Crypto':
The White House declared the Biden era ended on cryptocurrency.
Officials said this marks a policy shift toward a pro-crypto stance in the U.S.
Sen. Lummis Calls Crypto Bill ‘Most Important in U.S. History’, could pass before year-end.
Crypto investments aren’t entirely safe right now due to high volatility and leverage-driven swings. It’s wiser to stay cautious, focus on Bitcoin, Ethereum, or top stablecoins, and use SIP or DCA methods for gradual entry. Avoid meme tokens and over-leveraged trades until cryptocurrencies stabilize.
Disclaimer: This is informational content and not advice. Users, please DYOR before investing. CoinGabbar is not responsible for any financial losses.
Sakshi Jain is a crypto journalist with over 3 years of experience in industry research, financial analysis, and content creation. She specializes in producing insightful blogs, in-depth news coverage, and SEO-optimized content. Passionate about bringing clarity and engagement to the fast-changing world of cryptocurrencies, Sakshi focuses on delivering accurate and timely insights. As a crypto journalist at Coin Gabbar, she researches and analyzes market trends, reports on the latest crypto developments and regulations, and crafts high-quality content on emerging blockchain technologies.
Sakshi Jain is a crypto journalist with over 3 years of experience in industry research, financial analysis, and content creation. She specializes in producing insightful blogs, in-depth news coverage, and SEO-optimized content. Passionate about bringing clarity and engagement to the fast-changing world of cryptocurrencies, Sakshi focuses on delivering accurate and timely insights. As a crypto journalist at Coin Gabbar, she researches and analyzes market trends, reports on the latest crypto developments and regulations, and crafts high-quality content on emerging blockchain technologies.
