The cryptocurrency market worldwide is appearing strong today. Currently, the entire cryptocurrency market capitalization stands at $3.55 trillion, a 1% rise over the last 24 hours. The 24-hour trade volume is approximately $129 billion, and Bitcoin has a 61.4% share, while Ethereum has 9.16%.
US-China Trade Talks offer hope to the world's markets: One of the biggest reasons why crypto market is up today is the ongoing US China trade talks. These talks are happening in London at Lancaster House and have already reached day two. Both sides—the US and China—called their six-hour meeting “good” and “fruitful.” This gives hope to global investors.
Source: X
The U.S. delegation, led by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, hinted that export rules on tech might be relaxed. But that’s only if China agrees to ease its rules on rare earth exports. Rare earths are critical in making electronics and defense tools.
On the other side, China’s Vice Premier He Lifeng and other senior officials asked the U.S. to lift earlier restrictions. When President Trump was asked about the outcome, he said, “We’ll see.”
Clearly, this US China meeting today is being closely followed. If things go well, it may boost both global stock and cryptocurrency sector. Investors see this as a positive signal, which explains why is crypto market up today.
Elon Musk and Trump Dispute Adds Drama, Not Panic: Another trending story is the public tension between Elon Musk and Trump. On Monday, President Trump said he may remove his Tesla from the White House but will keep using Starlink, the satellite internet company owned by Musk’s SpaceX.
This comes after Trump called Musk’s tax policies a “disgusting abomination,” and the two exchanged sharp words online. Even though things got heated, Musk replied with a heart emoji to Trump’s latest interview, suggesting peace may return soon.
After facing outflows of $278.44M and $47.82M earlier this week, Spot Bitcoin ETFs recorded a net inflow of $386.27M on June 9. This is a big deal. The cumulative total net inflow now stands at $44.63B, with total net assets at $131.06B, which is 6.07% of Bitcoin’s total market cap.
Source: SoSoValue
When ETFs show such strength, it means large investors are buying again. This improves overall trust in the crypto space and often leads to price boosts. So, this is a big part of why crypto market up today.
While the industry is showing signs of strength, the road ahead still depends on a few important things:
Outcome of the US China trade talks and tariffs
Results from upcoming Federal Reserve meetings
New CPI and PPI inflation data releases
All of these will shape what happens next in both traditional finance and crypto. Analysts suggest that if the US and China can cool trade tensions, and if the Fed takes a friendly stance on rates, the sector might continue this upward trend. But if things go south, a correction is always possible.
So, why is crypto market up today? It’s a mix of improving global relations, big ETF inflows, strong investor mood, and ongoing political drama. While things are looking good right now, the coming days will reveal if this rally holds — or takes a turn.
Also read: Why Are Americans a Prime Target for Crypto Scammers?
Deepmala Upadhyay is an experienced crypto journalist, content strategist, and News writer with over 5 years of expertise in writing and the crypto industry. Holding a Bachelor's Degree in Computer Science and a deep understanding of blockchain technology and financial markets, she excels in delivering exclusive news, in-depth research blogs, and expertly crafted on-page SEO content. As a team lead and content writer at CoinGabbar, Deepmala is responsible for analyzing blockchain technologies, cryptocurrency, price movements, and the crypto market with precision and insight. Her keen ability to create well-researched, impactful content, combined with her expertise in market analysis, makes her a trusted voice in the crypto space.
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