Why Crypto Market Is Going Up: 5 Big Events Fueling the Surge

Top Crypto News June 11: Solana Surge, Trump Move and U.S CPI Data

The cryptocurrency market is experiencing excitement as the news of global events propelled a wave of confidence among investors. From Ukraine's potential reserves of Bitcoin to the most recent U.S. and China trade deal, to Solana's massive price surge according to CoinMarketCap, there's a lot going on. 

So, why crypto market is up today? It’s because of a perfect mix of strong news — legal, economic, and market-based — that pushed both cryptocurrency prices and investor interest higher. Let’s break it down in simple words!

Ukraine May Add Bitcoin to National Reserves!

Ukraine is moving toward legalizing Bitcoin as part of its national reserves. A new draft law in Parliament suggests that the National Bank of Ukraine could hold currencies like Bitcoin, just like they do with gold or foreign currencies.

This doesn’t mean they must buy Bitcoin, but it gives them the power to do so. If passed, it could encourage other countries to do the same — boosting the industry's global reputation and sparking market growth.

US Trump’s Fed Pick Could Spark Big Gains

Jerome Powell’s term as Fed Chair ends in 2026, and now Scott Bessent, Trump’s close ally and Treasury Secretary, is the top name for replacement. Reports say Trump wants someone who supports lower interest rates — and Bessent fits the bill.

Lower rates could mean cheaper loans and more cash in the system, which often leads to more investments in cryptocurrency. That’s why this political update is creating big excitement in the market.

US-China Trade Deal Brings Positive Vibes in the Industry

The U.S. and China have agreed on a major trade deal during talks in London. It focuses on rare earth exports, which are essential for electronics. Both sides cut tariffs and promised smoother trade.

This has helped improve investor mood worldwide. Better trade means stronger global growth — and that’s good for the crypto market too. It’s one of the top reasons behind today’s market surge, giving fresh energy to stocks and crypto.

U.S. Inflation Data Surprises — Good News for Crypto!

The U.S. Consumer Price Index (CPI) for May 2025 showed a slight increase in inflation to 2.4%, which was lower than expected. This means the Federal Reserve may delay any future interest rate hikes.

Since higher interest rates usually hurt risky assets. If rates stay low, crypto stays strong. That’s why the market reacted well today after the CPI data release.

Solana Price Soars on ETF Hope and Whale Moves

Solana ($SOL) had a great day, rising over 4% to $164.51. A whale wallet moved $221 million worth of SOL, showing strong confidence according to Lookonchain. The trading volume shot up as more people started buying.

Big news came from Bloomberg’s ETF expert Eric Balchunas, who said there’s a 90% chance of a Solana spot ETF approval. The U.S. SEC may now view Solana as a commodity, not a security — a major win for the coin.

Final Thoughts

So, why is the crypto market going up today? Well, there's a tidal wave of good news -- Ukraine's Bitcoin law, imminent Trump Fed pick, better U.S.-China trade relations, softer inflation numbers and Solana's bullish activity.  

All of this news is reinforcing trust with investors and it's all adding to the pile of money that's starting to flow back into crypto. If this keeps up, we'll likely see more and more positive momentum in the near future. Keep an eye out for more crypto-related news.