Crypto Markets Edge Higher, SAFE Token Soars 23%

The crypto market saw a slight increase over the past 24 hours, with several tokens experiencing significant price movements.

Here's an analysis of some of the top trends observed in the crypto market on Tuesday:

* The crypto market edges up 0.51% as broader risk appetite sours

The crypto market encountered a slight setback on Tuesday, with the overall cryptocurrency market cap slipping by 0.51% over the past 24 hours, as of 07:02 ET (11:02 GMT), to cruise at a valuation of $2.98 trillion.

Despite a reported $73.84 billion in global trades settled on Tuesday, marking a 19% decrease compared with Monday’s crypto market volume, several tokens still saw notable price swings.

Bitcoin (BTC) ticked up 0.5% over the past 24 hours, showing only slight movement as it held a price point of $94,776.7 at 07:01 ET (11:01 GMT). The world’s largest cryptocurrency moved between a high of $94,850 and a low of $94,644 over the past hour.

Meanwhile, ether (ETH) price displayed a 1.5% increment to trade at $1,808.8. Sticking with the same time frame, the price of ETH circulated between $1,800 and $1,815. Both cryptocurrencies logged modest progress.

Safe (SAFE) token emerged as Tuesday’s leading performer with a 23.24% rise, closely trailed by AI16Z, which logged a 9.29% increase. The Bitcoin-based token DOG advanced 9.1%, while axelar (AXL) followed with a 9% lift during the day’s activity.

Monero ( XMR) secured a 7.6% gain, HYPE moved up 6.2%, and bitcoin cash ( BCH) added 5.3%.

Fresh figures also highlight a sweep of red across numerous well-known altcoins. Turbo (TURBO) posted the steepest daily retreat with a 7.35% loss.

Not far behind, pudgy penguins’ token (PENGU) slipped 7.01%. The official trump token (TRUMP) also retreated, falling 6.67%. IOTA (IOTA) shed 6.36% in the same period. Worldcoin (WLD) recorded a 5.40% pullback, while ethena (ENA) declined by 5.19% on Tuesday.

As U.S. stocks finished Tuesday’s session in positive territory, crypto markets broadly mirrored the trajectory of equities.

Wall Street tuned in to comments from U.S. Treasury Secretary Scott Bessent, highlighting the Biden administration’s efforts to mitigate the national debt.

However, ambiguity surrounding Trump’s tariff policy continues to cloud investor sentiment.

Moreover, gold futures closed the day 0.74% lower, and silver futures slipped 0.63% over the course of the session.