Explore the top crypto updates for 24 May 2025, including Bitcoin, Ethereum, Memecoins, DeFi trends, and regulatory shifts shaping the global market.
Latest Crypto Market News and Updates – 24 May 2025
The global cryptocurrency market continues to evolve rapidly as we move deeper into Q2 2025. On 24 May, several key developments shaped investor sentiment, price momentum, and global regulatory trends.
Bitcoin Hovers Near ATH Amid Market Volatility
Bitcoin (BTC) remained stable at $110,950 after a brief surge past $112,000 earlier this week. Analysts cite strong buying pressure from institutional traders and a resilient support zone above $109K. CryptoQuant data shows positive net inflow to exchanges, suggesting short-term consolidation before a possible breakout.
Ethereum Shows Signs of Recovery
Ethereum (ETH) rebounded from its recent dip, trading at $6,130, up 1.8% in the last 24 hours. The rise comes amid growing interest in Layer 2 solutions like Arbitrum and zkSync, which reported increased user activity. Staking deposits on Ethereum 2.0 also hit a monthly high, indicating long-term network confidence.
Memecoins Rally Continues
FARTCOIN and POPCAT stole the spotlight again with 24-hour gains of 12% and 9% respectively. Traders anticipate further momentum if Bitcoin stabilizes. WIF (Dogwifhat) also saw renewed interest following influencer-backed pump signals, pushing daily volumes up by 22%.
India Considers Crypto Bill Revision
India’s finance ministry is reportedly reviewing new provisions for its proposed crypto bill. Sources suggest potential tax adjustments for Web3 startups and increased clarity around NFT classification. The move is expected to boost investor confidence in one of the fastest-growing crypto markets globally.
DeFi TVL Crosses $115B
The total value locked (TVL) across decentralized finance (DeFi) protocols surpassed $115 billion, led by growth in protocols like Aave, Lido, and Curve. With staking yields outperforming traditional savings accounts, DeFi adoption is surging across Southeast Asia and Latin America.
Ripple (XRP) Wins Partial Court Victory
In a win for Ripple, a US federal court ruled in its favor regarding specific XRP sales not qualifying as securities. The XRP price responded with a 7% intraday spike, trading near $0.89 before correcting to $0.85.
NFT Market Rebounds Slightly
NFT volumes showed minor recovery with platforms like Blur and OpenSea reporting a 10% increase in weekly transactions. Sports-based NFTs and AI-generated art are leading the comeback, according to data from DappRadar.
Conclusion
Crypto markets on 24 May 2025 remain in a cautiously bullish phase. Bitcoin’s dominance, memecoin surges, and institutional DeFi interest continue to shape market sentiment. Investors are advised to monitor macroeconomic cues, regulatory shifts, and altcoin performance as the week closes.
Stay tuned for daily crypto news summaries and market insights .
