The post Why Is The Crypto Market Rallying Today? appeared on BitcoinEthereumNews.com.

After a torrid start to August, the crypto market has made a valiant attempt to recover steep losses. The resurgence sees Bitcoin inch toward the $114,500 mark while several altcoins are approaching double-digit percentage gains in the last 24 hours. Crypto Market Racks Impressive Rebound According to TradingView data, cryptocurrency prices have soared by nearly 3% over the last day, erasing previous losses. At press time, the global cryptocurrency market capitalization is pegged at $3.6 trillion, adding an impressive $85 billion. The sudden surge in crypto market prices has the trappings of a classic Sunday pump, characterized by low trading volumes. Currently, daily trading volumes are at $131.36 billion, representing a 12% decline over 24 hours. Source: TradingView Bitcoin has picked itself from an intraday low of $111,943 to reach $114,453, gaining nearly 3% in a single day. Amid the price surge, Strategy founder Michael Saylor disclosed that “Winter is not coming back,” hinting at a longer price rally for the premier cryptocurrency. Winter is not coming back. pic.twitter.com/KMs2L4tU5o — Michael Saylor (@saylor) August 3, 2025 Ethereum, the second largest cryptocurrency, raked in nearly 3% to top $3,500. Meanwhile, other assets in the crypto market have latched onto the price spurt of the two largest cryptocurrencies to post impressive figures. XRP spiked by 4% while Dogecoin and ADA pulled in gains of 4.18% and 5.11% respectively. HBAR and XLM have surged by over 10% in the last 24 hours while Pi racked up a respectable 4% in the same window. The Sunday pump follows a broad crypto market crash at the start of August that sent leading cryptocurrencies tumbling to two-week lows. The crash also triggered massive outflows from Bitcoin and Ethereum ETFs, with both recording nearly 1 billion in losses. Why Are Prices Rising? Several factors are triggering a…

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Filed under: News - @ August 3, 2025 8:11 pm