PANews reported on April 27 that 10x Research said in its latest report that the cryptocurrency market surged across the board this week, with Bitcoin breaking through the $95,000 mark, driven by factors such as easing macro risks, record inflows of ETF funds and a weakening dollar. Altcoins followed closely behind, with a surge in institutional interest, ecological expansion, the outbreak of DeFi and warming regulatory winds becoming the main drivers.
Specifically, Solana (SOL) rose 6.7%, supported by institutional buying, DeFi growth, short squeeze and Meme coin activities; Ripple (XRP) rose slightly, CME launched XRP futures and bank integration increased, despite legal risks, market enthusiasm remained unabated. Stellar (XLM) soared 18.1% due to cooperation with South Asian retail giants, surging trading volume and relaxation of new US crypto bank regulations; Polkadot rose 10.1% against the trend. Although the SEC postponed ETF approval, the market is optimistic about the final approval and the opening of the crypto market. SUI soared 64.3%, driven by the explosion of DEX trading volume, the expansion of the stablecoin ecosystem and well-known cooperation; Raydium Protocol (RAY) rose 27.9%, thanks to the Solana chain Meme coin incentive plan and the recovery of DeFi; Aave (AAVE) rose 21.5% due to Bitcoin rebound, buyback plan, GHO stablecoin growth and increased locked value. Trump tokens soared 86% due to the announcement of plans for a dinner with Trump, still attracting investors amid political controversy. After the Algo Foundation launched the decentralized ID project, ALGO prices rose 18.4%. BONK rose 55.7%, regaining Solana's top meme coin status, benefiting from token destruction and NFT market acquisitions. Ondo rose 16.7% as positive dialogue with the SEC on tokenization and treasury tokenization boosted confidence.
