Bitcoin at $94K, XRP Leads Altcoin Rally with 4.65% Gains

The current price is $94,153.14, down 0.09% in the last 24 hours. Market capitalization remains strong at $1.87 trillion, with a trading volume of $18.29 billion. It has an estimated 19.85 million BTC in supply.

Ethereum (ETH), on the other hand, fell by 0.86% to $1,791.48. Market cap is $216.28 billion with a daily volume of $11.32 billion.

Despite this temporary decline, large investment companies are investing heavily in cryptocurrencies, particularly Bitcoin. Adam Back, the CEO of Blockstream and the creator of Hashcash, pointed out, “Firms like Strategy, which have taken on Bitcoin treasuries, are driving the lead on what some describe as hyperbitcoinization.”

Hyperbitcoinization refers to a future in which Bitcoin surpasses globally. Adam Back went on to say that Bitcoin’s market cap may reach over $200 trillion, fueled by these changes.

Firms such as Strategy are capitalizing on what Back termed a ‘logical and sustainable arbitrage,’ charging hard into Bitcoin treasury reserves. Co-founder Michael Saylor recently indicated that have earned more than $5.1 billion in profit since January 2025.

In Asia, Metaplanet, known as ‘Asia’s MicroStrategy’, has already invested more than 5,000 BTC. The company aims to acquire 21,000 BTC by 2026. Thus, revealing a global corporate shift towards using Bitcoin as a store of value.