Cryptos Reclaim $2T Capitalization, Cardano’s ADA Leads Gains in Majors
Crypto markets added nearly 3.2% to their overall market cap in the past 24 hours, data shows.

A run in cryptocurrencies pushed the overall market capitalization back above the $2 trillion mark, a level last seen earlier this month before global markets slumped amid the war in Ukraine and tighter monetary policy in the West.
Cardano’s ADA led gains among major cryptocurrencies with a nearly 7% jump in the past 24 hours. Polkadot’s DOT surged 6.5%, while Ripple's XRP and Solana’s SOL each increased 5%. Bitcoin climbed above $43,000 at one point overnight, but has pulled back to $42,900 at press time, still ahead 4% for the day.

“Altcoins have a very strong correlation with BTC,” explained Egor Volotkovich, director at yield farming platform EVODeFi, in a Telegram message. “The growth surge in the cryptocurrency accounts for why these altcoins are also trading positively today.”
The move in bitcoin came even as Federal Reserve Chairman Jerome Powell warned on Monday about rising inflation and suggested the U.S. central bank is willing to raise rates more aggressively.
“A more aggressive increase in rates raises the chance of a recession, as it will slow growth more,” said Marcus Sotiriou, an analyst at crypto broker GlobalBlock, in an email to CoinDesk. “In my opinion, they will not raise rates by more than 25 basis points until September at the earliest, as the Federal Reserve will try their best to avoid a recession.”
Ether moves closer to staking
Ether

Staking involves users locking up their tokens to validate transactions on the network, and stakers have locked up over 10 million ether on the Eth 2.0 deposit contract, as previously reported. Locked ether effectively takes freely traded ether from the open market while reducing circulating supply, possibly a bullish catalyst for the price.
"Enthusiasm has started to mount again as Ethereum prepares for its long-awaited merge with Beacon chain, completing the protocol's transition to an energy-efficient proof-of-stake consensus mechanism,” said Will Hamilton, head of trading at Trovio Capital Management, in an email to CoinDesk.
"The reduction in emissions will be combined with a continuation of the Ethereum burn mechanism introduced with EIP-1559, the mechanism which destroys Ethereum correlated with the base fee of each transaction on the network,” he said.
"(This) will radically change the supply dynamics of Ethereum such that total emissions may become deflationary, likely acting as a catalyst for upside price momentum during the second half of 2022,” Hamilton added.
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Exchange Review - March 2025

CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
Wat u moet weten:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
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What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.