What Happened in Crypto Today: Powell, XRP, Coinbase, Bitcoin and Gold

The total value of all cryptocurrencies is now around $2.66 trillion, which is a tiny 0.51% increase from yesterday.

People traded $74.57 billion worth of crypto in the last 24 hours, which is a little less than the day before.

Out of all this trading:

• About $6.31 billion came from DeFi stuff (that’s around 8.46%).

• And $69.19 billion came from stablecoins (that’s almost 93%).

Bitcoin is still the biggest cryptocurrency, but its share dropped a bit. It now controls about 62.98% of the whole market.

4 Explosive Crypto Events Shook the Market Today!

Powell Wants Clear Crypto Rules as Stablecoins Rise Fast

Fed Chair Jerome Powell said crypto, especially stablecoins, is growing fast and needs clear rules. He warned it could hurt the economy if not handled right. Inflation is rising, and people are buying more tokens like Bitcoin to protect their money.

Source: The Market Journal

Retail sales jumped 1.4% in March. Powell said stablecoins can be useful but must be watched closely. The Fed may relax rules for banks using crypto in the future if things stay stable.

Coinbase Hit by Token Crash Drama on Base Chain

A token called “Base is for everyone” went viral and hit $17M in just an hour — then crashed hard. People lost millions.

Coinbase says it didn’t create the coin; it was auto-made on Zora after a post. They got 10M tokens but promised not to sell. The token had a warning: no profit, no future promises. Still, the project earned $61K in fees, which will help Base developers.

Gold Hits Record High — Is Bitcoin the Next to Boom?

Gold just hit its highest price ever, going over $3,329 at the time of writing according to the TradingView . It's going up strong and buyers keep jumping in. Now, people are wondering if Bitcoin could be next.

Source: TradingView

It is trading above all major moving averages (20, 50, 100, 200), which means the uptrend is very strong. Every dip so far has been bought up, showing continued interest and strength in this real treasure. Gold is seen as a safe asset, and Bitcoin might follow the same path. Both are getting attention, and BTC is showing signs it might also rise soon. Let’s see if Bitcoin can break its past record just like gold did!

Ripple vs SEC: XRP Case May Finally End Before June!

The Ripple vs SEC fight got paused for 60 days because both sides wanted to settle. Ripple may only pay $50M instead of $75M. Experts say the case could end before June if the new SEC boss Paul Atkins agrees and Judge Torres gives a green light for Ripple to sell XRP privately.

This decision is super important for Ripple’s big plans like going public. Everyone’s watching what happens next!

Today’s Crypto Wrap-Up: Big Moves, Big News!

So, that’s what happened in crypto today! Ripple’s lawsuit might finally wrap up soon, but the spotlight is now on gold and Bitcoin. Gold just hit a record high of $3,329 — and that’s a big deal.

It’s a strong sign that investors are looking for safe places to park their money. Now, everyone’s watching Bitcoin, hoping it could be next to explode.

Powell also talked about stablecoins needing clear rules, and Coinbase faced heat over a surprise token crash. Even with slower trading, the market is full of action — and the next big move could come any moment.