Why Is Crypto Market Going Up? ETFs, Trade Talks & Altcoin Surge

Top Reasons Why Is Crypto Market Showing Strong Bullish Momentum

The crypto market is showing strong signs of growth again. As of today, the total value of all cryptocurrencies combined (also called the global crypto market cap) is around $2.94 trillion, which means a 1.72% increase in just the past 24 hours. Still, trading volume decreased by 12.85% with $92.17 billion traded for all coins.

Bitcoin continues to lead the industry, but its percentage decreased slightly by 0.34%, now at 63.28%. Ethereum is also holding firm. In the meantime, DeFi activity reached $7.57 billion, and stablecoins accounted for 93.75% of the trading volume.

Why is Crypto Market Going Up?

1. Bitcoin & Ethereum ETFs Attracting Gigantic Investments

One of the largest impetuses currently is the investment of money into spot ETFs for Bitcoin and Ethereum. These ETFs allow large investors to easily invest in crypto without having to hold the coins themselves.

According to SoSoValue, Bitcoin ETFs brought in $442 million in one day (April 24) alone. So far, they’ve pulled in over $38 billion and now control more than 5.77% of all Bitcoin.

Source: SoSoValue

Ethereum ETFs are also heating up, bringing in $63.49 million on the same day, with a total of $2.3 billion invested so far. These ETFs now represent 2.78% of Ethereum’s supply.

This kind of inflow from institutions is a big green signal for the crypto sector.

2. Positive Signs in the US-China Trade Conflict

Another strong reason is the improving relationship between the US and China in their long-running tariff war. China recently said it may exempt some US imports from high tariffs and even asked companies to list the goods they want to be tariff-free.

This move hints at a possible trade peace between the world’s two biggest economies, which is good news for global markets — including crypto.

• As a result, equity markets in Hong Kong and Japan went up.

• The US dollar also got stronger, showing better confidence in the global economy.

Even though no final deal is made yet, this progress brings hope — and investors are responding positively.

3. Beginning of Altcoin Season

According to CoinMarketCap, Most trending altcoins are also performing well:

• Solana stands at $153.24, increasing by 4.34%

• XRP hit $2.19, increasing by 1.96%

• Cardano hit $0.7125, increasing by 4%

• SUI Price hit $3.61, increasing by a whopping 22%

All these gains indicate that investors' confidence is not only in the leading coins, but is also seeping throughout the market.

4. Fear and Greed Index Indicates 'Greed'

The Fear and Greed Index, indicating market sentiment, is now 60 (Greed). Last week, it was 33 (Fear). This rapid turnaround informs us that investors are optimistic and willing to buy.

What's Next for the Crypto Market?

Despite all the good news, we mustn't forget that everything is still very uncertain. The U.S.-China trade war isn't over yet, and any quick change can influence the market big time.

And as prices quickly go up, there can be short-term adjustments or dips, so it is always wise to stay informed and do your own research before you invest.

Experts say that the momentum could continue if ETF inflows continue to be robust and global trade tension remains subdued. But as crypto is volatile in nature, it's best to remain cautious and not fall into FOMO (Fear Of Missing Out).

Conclusion

The cryptocurrency market is at the moment in a bullish trend, attributed to ETF investments, improved global trade indicators, and excellent altcoin performances. As hype rises, always keep in mind that meticulous planning and research are crucial to remaining safe in this dynamic arena.