Bitcoin, Ethereum, and XRP Surge as Crypto Market Rebounds

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The cryptocurrency market saw a 2% rise on Wednesday, with $258 million in short positions liquidated over the past 24 hours.
Bitcoin climbed above $109,000 following a U.S.-Vietnam trade deal and rising M2 money supply.
Ethereum, XRP, and Solana gained 7%, 3%, and 4%, respectively, amid altcoin recovery.

Bitcoin (BTC) rebounded to $109,000** on Wednesday, fueled by a U.S.-Vietnam trade agreement and a global surge in M2 money supply. This pushed Bitcoin’s open interest (OI) to **689.78K BTC** (~$75 billion). The broader crypto market followed suit, with Ethereum (ETH), XRP, and Solana (SOL) rising 7%, 3%, and 4%**, respectively.

Bitcoin and Crypto Market Rally on Vietnam Trade Deal and M2 Supply Spike

The cryptocurrency market regained momentum, rising 2% to reclaim a $3.5 trillion total capitalization.

Key drivers:

  1. U.S.-Vietnam Trade Deal:

    • President Trump announced reduced tariffs (20% for imports, 40% for transshipped goods) and zero tariffs for U.S. exports to Vietnam.
    • This boosted investor sentiment, lifting Bitcoin 3% in 24 hours.

  2. M2 Money Supply Growth:

    • U.S. M2 supply hit $21.94 trillion in May, up 4.5% YoY—a 19-month streak surpassing previous highs.
    • Bitcoin historically lags M2 trends by 3–6 months, suggesting further upside.

📊 Data Snapshot:

Altcoin Momentum

Ethereum, XRP, and Solana led gains, while the top 100 altcoins averaged 7%+ rises. The rally triggered **$320.6 million** in liquidations ($62.8M longs, $258.5M shorts).

👉 Explore crypto trading strategies

FAQs

Q: Why did Bitcoin rise after the Vietnam deal?
A: Trade agreements reduce economic uncertainty, fostering risk-on sentiment favorable to crypto.

Q: How does M2 supply impact Bitcoin?
A: Rising money supply often devalues fiat currencies, driving demand for hard assets like BTC.

Q: Will altcoins continue outperforming Bitcoin?
A: Short-term rallies are common, but Bitcoin’s dominance typically reasserts in bull markets.

👉 Learn about altcoin cycles

Disclaimer: This content is for informational purposes only. Invest responsibly and consult a financial advisor.


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