The global cryptocurrency market saw a significant 2.94% increase in market capitalization over the past 24 hours, bringing the total value of cryptocurrencies to $2.84 trillion. Among the cryptocurrencies that saw the biggest gains, Bitcoin continued its upward trend, reaching $87,480, a 3.71% increase.
Meanwhile, Ethereum, the second-largest cryptocurrency by market capitalization, saw a 4.05% increase to trade at $2,093. Positive investor sentiment supported this rise, persisting despite concerns about upcoming US tariffs and economic data releases later this week.
Other Currencies Contributing to the Uptrend
While Bitcoin saw these gains, other cryptocurrencies such as XRP, Cardano, and Dogecoin also saw notable gains. XRP rose 3%, while Cardano gained 2% and Dogecoin rose 3.8%. Other coins, such as Chainlink, Avalanche, Hedera, and Stellar, saw growth ranging from 3% to 10% over the same period.
Markets continue to react positively to Bitcoin’s upward trend, with analysts expecting the overall cryptocurrency movement to be driven by the stability of larger markets. Vikram Subburaj, CEO of Geotus, said, “Bitcoin’s price has stabilized above $86,000, recording a 3% gain today, with an important resistance level at $86,700 in focus. If it breaks, the price could reach $90,000.”
Bitcoin Dominance and Future Outlook
Bitcoin’s market capitalization has risen to $1.727 trillion, increasing its dominance to 60.73% of the total market. Meanwhile, Bitcoin trading volume increased by 93% to $18.2 billion in the past 24 hours. By comparison, stablecoin transactions accounted for 94.74% of all cryptocurrency trading, with a total trading volume of $57.58 billion.
Eric Trump appointed to Metaplanet’s advisory board
Among other crypto assets, Solana (SOL) stock stood out, rising 7% to over $139. This surge indicates the significant increase in demand for this cryptocurrency, especially in light of analyses indicating its widespread acceptance among individual and institutional investors.
In an exciting investment move, Japanese Bitcoin company Metaplanet Inc. announced the appointment of Eric Trump, son of former US President Donald Trump, to its strategic advisory board. This move aims to strengthen the company’s presence in the global market and drive wider adoption of Bitcoin.
Eric Trump’s financial expertise in finance and branding is expected to enhance Metaplanet’s ability to expand its strategies. In conjunction with these appointments, the company revealed ambitious plans to increase its current Bitcoin reserves, which exceed 3,200 BTC, to 10,000 BTC by the end of 2025.
Cryptocurrency Price Today: Most Altcoins Record Gains
The price increase wasn’t limited to Bitcoin alone; most altcoins also saw significant gains. For example, Ethereum rose 3.3% to $2,069.05, while XRP rose 3.1% to $2.4652. Solana shares rose 6.2%, Cardano gained 2%, and Polygon shares rose 2.8%.
In meme cryptocurrency sector, Dogecoin saw a 3.5% increase, while $TRUMP rose 9.4%. These gains were driven by reports that US President Donald Trump’s tariffs imposed in April may be more targeted than expected, helping to allay market concerns about their negative impact.
Analysts’ Views on the Future of Bitcoin
Positive opinions about Bitcoin continue to spread, with increasing optimism about its future. Arthur Hayes, co-founder of BitMEX, expressed his long-term optimism about Bitcoin’s price. He said, ” Federal Reserve’s policy direction could help Bitcoin reach $110,000 before retesting the $76,500 level.”
Discussions continue about the impact of the Federal Reserve’s monetary policy on financial markets in general, including Bitcoin.
Will Bitcoin Reach $200,000? Robert Kiyosaki Warns of “Fear of the Cause”
Robert Kiyosaki, author of Rich Dad, Poor Dad, described Bitcoin as the “greatest opportunity” in history. While this analysis sounds overly optimistic, Kiyosaki also added to how many people react to this opportunity.
Kiyosaki’s Warning Against the “Fear of Mistake” (FOMM)
According to Kiyosaki, many people will reasonably make mistakes when dealing with Bitcoin due to the so-called “Fear of Mistake” (FOMM), a psychological phenomenon that causes people to hesitate in making decisions and create their own mistakes.
In this context, Kiyosaki believes that many people will hesitate to invest in Bitcoin until its price reaches $200,000 or more. At that point, the crowd will begin to think that Bitcoin has become “too expensive,” delaying them from joining the appropriate crowd.
Investor Psychopathy
Kiyosaki points out that this type of thinking and its consequences cause them to miss out on big opportunities, as people only invest when the price has already increased significantly. At this point, it’s difficult to achieve the desired gains as it was in the beginning.
Kiyosaki says, “When the crowd is overwhelmed by fear for some reason, and people reach unreasonable levels, you start to say Bitcoin is getting too expensive.”
Financial Advice: Invest with Confidence
Ultimately, Kiyosaki suggests that investors didn’t join the crowds they were conquering for some reason, nor were they swayed by fear, which could lead to rapid change. She also suggests that many investments learn from knowledge and build muscle. “Once you learn from the kids who love Bitcoin and the ones who hate it, you have to decide for yourself,” says Kiyosaki.
Will Bitcoin ever reach $200,000? That remains an open question. But, partly based on Kiyosaki’s analysis, it seems the opportunity is now available, but those who have managed to achieve it are taking a new investment step.
