Crypto prices are moving higher today. Bitcoin has pushed above ninety one thousand dollars. This continues the strong recovery that began last week when it briefly fell to eighty thousand. Other big tokens like Chainlink, XRP, and Merlin Chain are also in the green.
Merlin Chain is one of the strongest performers. Its price jumped by more than one hundred percent. Its trading volume climbed to over two hundred million dollars in a single day. Its market value is now over five hundred million. This big move came after the team launched an important upgrade. The upgrade added zero knowledge rollups, which allow the network to process transactions much faster. The developers announced that the mainnet would undergo maintenance for several hours to complete this change.
Chainlink is rising too. It has climbed to about thirteen dollars as traders get ready for the launch of the Grayscale Chainlink ETF. The ETF will go live next Monday. It will give American investors an easy way to gain exposure to Chainlink without holding the token directly. Investors are also buying because on chain data shows that fewer LINK tokens are sitting on exchanges. This usually means holders are choosing to keep their tokens in their own wallets instead of selling them.
XRP is also gaining strength. Data from SoSoValue shows strong inflows into spot XRP ETFs. These funds added more than twenty one million dollars on Wednesday. Their total assets have now grown to over six hundred seventy million dollars, which is a small but meaningful share of XRP’s entire market cap.
A big part of today’s market jump comes from the Federal Reserve’s latest Beige Book. This report comes out every quarter and gives a picture of how the American economy is doing. The newest version shows that the economy is slowing and hiring has softened. This supports the idea that the Federal Reserve may cut interest rates by a quarter point at its next meeting. A softer economy usually increases the chances of lower rates, which often pushes crypto prices up.
There is also political news adding to the momentum. Reports say that Donald Trump is considering Kevin Hassett for the role of Federal Reserve Chair next year. Hassett has supported rate cuts for years and would likely push for a more flexible policy. Betting markets like Polymarket now show more than an eighty percent chance of a rate cut soon.
Market sentiment is also improving. The Crypto Fear and Greed Index has moved up from eight to eighteen. That means fear is easing. When this number rises, both small and large investors often begin buying. Traders on social platforms have also pointed out that whale wallets and retail wallets are buying at the same time.
Futures activity is rising too. Data from CoinGlass shows that open interest has jumped to one hundred thirty five billion dollars. Short positions worth more than three hundred million dollars have been liquidated. This adds extra fuel to the upward move because forced liquidations usually push prices even higher.
All of this has created a more positive mood across the crypto market today.