Driven by positive sentiment from easing tariff policies and bullish technical signals, BTC has surged over 3.3% in the past 24 hours to reach $104,241, maintaining an upward bias. ETH posted a sharp 16% rally within the same period, hitting $2,243.98 with a clear uptrend. Bitcoin’s market cap has reclaimed the $2 trillion mark, surpassing Google to become the world’s sixth-largest asset. Rumble reported a 34% YoY revenue increase in Q1 and is betting on crypto wallets to challenge Coinbase. Stablecoin transaction volume hit a record high of $1.82 trillion last month. Superstate launched the “Opening Bell” platform, enabling on-chain issuance and trading of SEC-registered equities. Meanwhile, Bridge introduced USDB, a developer-focused stablecoin fully backed 1:1 by cash and BlackRock money market funds.

• Market Overview: BTC rose 3.3% to $104,241; ETH surged over 16% to $2,243.98.
• Top Performers: Top altcoin gainers in the past 24 hours were VIRTUAL (+42.1%), IP (+35.5%), and PEPE (+29.5%).
• Data Highlights: Stablecoin trading volume hit an all-time high of $1.82 trillion last month.
• Spotlight Analysis: Superstate launched “Opening Bell” to support on-chain issuance and trading of SEC-registered equities.
• Market Opportunity: Polygon’s Ethereum Layer 2 solution, Miden, plans to allocate 10% of its future token supply to Polygon token holders.

Explore More→ BTC Reclaims $100K, ETH Soars 16% in a Day, Superstate Advances SEC-Registered Tokenized Stocks | Gate Research

Gate Research is a comprehensive blockchain and crypto research platform that delivers in-depth content, including technical analysis, market insights, industry trends, and macroeconomic policy evaluations.

Disclaimer
Crypto investments involve high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate.io is not liable for any losses incurred from such investment decisions.

Gate.io Team
May 9, 2025

Gateway to Crypto
Trade over 3,800 cryptocurrencies safely, quickly, and easily on Gate.io
Take Action Now
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
Stay Connected
Visit Gate.io’s official website
Download the Gate.io App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
Transparency & Security
Check our 100% Proof of Reserves