Why Crypto Market Is Up Today? 5 Insider News You Must Check

Latest Crypto Updates: Metaplanet, Bhutan, FOMC, and Operation Sindoor

Curious about why the crypto market is up today? The top reasons propelling the current surge are revealed here! From Metaplanet's controversial Bitcoin buy to Bhutan's cryptocurrency-boosting tourism efforts, the market is abuzz with activity. Let's dissect why the market is up—5 essential reasons you should know!

Metaplanet Buys 555 More Bitcoin, Now Holds Over $480M in BTC!

Metaplanet just grabbed 555 more Bitcoin for $53.4 million, paying around $96,134 each! Their total stash is now 5,555 BTC, worth about $481.5 million. 

The CEO said they’ve made 136.7% gains this year—pretty awesome! They want to hit 10,000 BTC by 2026 and are already halfway there. If they keep buying like this, they might even hit their goal sooner. Big moves in the industry!

Bhutan Enables Crypto Payments for Tourists

Bhutan has launched a cool new way for tourists to pay with cryptocurrency! Teaming up with Binance Pay and DK Bank, visitors can now pay for visas, hotels, food, and even souvenirs using Bitcoin, BNB, or USDC. 

All you need is a Binance Pay wallet to scan QR codes. Over 100 local shops are in. No need to carry cash or worry about card fees—just enjoy a smooth, cashless trip!

Market Jumps: Is Operation Sindoor the Reason?

The crypto market bounced back today after falling yesterday. The market cap rose 1.59% to $2.98 trillion, and trading volume shot up 27%, according to CoinMarketCap. Some say this happened because of India’s brave move, Operation Sindoor. 

After a deadly attack killed 26 people, India launched airstrikes on May 7, hitting nine terrorist camps in Pakistan. Big camps like Markaz Subhan Allah and Markaz Taiba were destroyed, making headlines everywhere.

Bitwise Files for First NEAR ETF: Big Move on Wall Street

Bitwise, a top company, has asked the U.S. SEC to approve the first-ever NEAR Protocol ETF. This fund will let normal people invest in NEAR easily through the stock market. 

NEAR joins other coins like DOGE, SOL, and XRP also waiting for approval. NEAR is super fast, doing 100,000 transactions per second, and now focuses on AI. If approved, this could bring NEAR to Wall Street for the first time!

Powell’s Big Speech Today: What To Expect at FOMC Meeting?

Today’s FOMC meeting is super important for the community. Everyone’s watching US Fed Chair Jerome Powell’s speech closely. Experts say there’s a 98% chance interest rates will stay the same, but Powell’s words could still shake the industry. 

There’s also talk about Trump maybe firing Powell, which adds more drama to the latest FOMC news. Traders are waiting to hear if Powell gives any hint about the US economy’s next move!

Conclusion

Today was a super busy day in crypto! From Metaplanet’s bitcoin holdings to the FOMC meeting today sparked huge buzz around the marketplace. Not only this, but India’s Operation Sindoor also had a great impact on the crypto space making it surge compared to yesterday. 

However this industry is very volatile, so do your own research and stay updated on the latest cryptocurrency news before investing in any token.