Bitcoin surged past the $84,000 mark today, signaling renewed investor interest as global financial instability intensifies. According to CoinMarketCap, BTC gained 3.41% over the past 24 hours, trading between $81,291 and $84,329, and is currently priced at $84,267.
The global cryptocurrency market cap now stands at $2.63 trillion, marking a daily decline of 2.60%. Despite the broader dip, several major cryptocurrencies posted gains.
Ethereum climbed 5.05% to $1,881.49, XRP rose 5.32% to $2.1745, and BNB increased 4.31% to $616.73. Among top gainers on Binance were GUN, up 153%, COMP with a 35% rise, and CRV climbing 19%.
Mounting Global Debt and Economic Pressures Push Investors Toward Crypto
Rising global debt levels are triggering fresh concerns about inflation and currency instability. A report from Odaily confirmed that total worldwide debt has now exceeded $300 trillion. This has raised expectations that assets like Bitcoin may become increasingly vital as a hedge against inflation.
In the U.S., economist Ed Yardeni warned that current tariff policies may raise the likelihood of stagflation. He placed the probability of stagflation at 45%, citing the risk of rising prices and weakening consumer confidence.
This economic backdrop appears to be strengthening investor demand for decentralized financial assets.
Meanwhile, corporate interest in Bitcoin continues to grow. Japan-based Metaplanet Inc. announced it has added 696 BTC to its portfolio, bringing its total holdings to 4,046 BTC. This signals ongoing accumulation among public companies amid rising economic uncertainty.
Whale activity has also returned to the spotlight. A major AAVE investor deposited over 73,000 tokens valued at approximately $12.5 million into FalconX. This marks the whale’s first large-scale move in four months and may indicate renewed institutional confidence in DeFi assets.
Key Market and Ecosystem Updates Add Momentum to the Sector
Binance revealed it is adjusting its customer-to-customer withdrawal policy. Starting April 1, users can withdraw up to $1,000 in assets immediately under the revised T+1 system. Star Traders on the platform will not be subject to the new restriction.
The exchange also announced the addition of KernelDAO (KERNEL) to its Megadrop platform. The restaking protocol supports projects such as Kernel, Kelp, and Gain. A detailed listing schedule and reward mechanism will be shared soon.
Elsewhere, Russia is considering a full-year mining ban in its Irkutsk region. The proposed restriction would affect one of the country’s most significant Bitcoin mining hubs and could remain in place until 2031. Industry participants warn that regional connectivity issues could hinder miners’ relocation ability.
In a humanitarian effort, Binance Charity and CZ have pledged $1.5 million in BNB to support earthquake victims in Myanmar and Thailand. Meanwhile, BNB Chain is preparing to implement its Lorentz upgrade to improve network speed and efficiency.
Conclusion
With rising economic pressures and major moves from institutions and whales, the crypto market continues to gain traction. Bitcoin’s climb above $84,000 reflects increased adoption as investors seek stability amid global uncertainty.
Also Read: XRP Funding Rate Drops Sharply While Price Holds Firm Above $2.09 Support
