Bitcoin's price experienced a sharp 5.5% increase, reaching $94,000, following the swearing-in of Paul S. Atkins as the 34th Chairman of the SEC. This surge wasn't limited to Bitcoin; leading altcoins like Ethereum (ETH), XRP, and Solana (SOL) also saw significant gains, rising nearly 10%. Chainlink (LINK), Avalanche (AVAX), and Dogecoin (DOGE) performed even better, experiencing increases exceeding 12%, according to the latest market data.

The appointment of Paul S. Atkins as SEC chair, occurring amidst a thriving domestic crypto market, marks a potential turning point for the industry. This news fueled renewed investor interest, resulting in a 5.89% surge in the overall crypto market cap, bringing it close to the $3 trillion mark.

At the time of writing, Bitcoin is trading near $93,531, representing a 5.61% increase over the past 24 hours. Its price accelerated from around $88,000, peaking at $94,391, accompanied by a 60% increase in daily trading volume.

This Bitcoin price surge positively impacted other leading altcoins. Ethereum (ETH) reached a high of $1,816, XRP saw an 8% increase to $2.296, and Solana (SOL) broke above $150, surging over 9% in the past 24 hours. Other prominent altcoins, including Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), and Dogecoin (DOGE), also experienced double-digit percentage gains.

This positive price action has revitalized interest in mid-cap altcoins such as Uniswap (UNI), Aave (AAVE), and Ondo, contributing to a generally bullish market sentiment.

Among the top gainers, DEEP token led the pack with a remarkable 75% increase in a single day, followed by Immutable X (IMX) at 38% and Sui (SUI) at 25%. Conversely, significant declines were less prevalent; however, gold-backed stablecoins XAUt and PAXG experienced a 3% drop.

Trending Crypto Today

• SUI (Sui)
• DEEP (DeepBook Protocol)
• BTC (Bitcoin)
• PI (Pi Coin)
• ETH (Ethereum)

Today's Top Gainers

• DEEP (DeepBook Protocol): +75%
• IMX (Immutable): +38%
• SUI (Sui): +25%
• BONK (Bonk): +23%
• FLOKI (Floki): +18%

Today's Top Losers

• XAUt (Tether GOLD): -3%
• PAXG (PAX Gold): -3%
• AB (Ab): -2%
• WEMIX (WEMIX): -2%

According to CoinMarketCap data, the global crypto market cap currently stands at $2.93 trillion—a 5.89% increase—with a 24-hour trading volume of $139.24 billion.