#加密货币总市值重回3万亿 The total market value of global cryptocurrencies has once again surpassed the $3 trillion mark, reaching approximately $3.08 trillion; as early as April 23, the price of Bitcoin soared above $94,000, directly driving the overall market value past $3 trillion. The following points are for reference:
1. Bitcoin's Dominance in the Market
• Bitcoin has recently shown strong momentum, not only rising above the $90,000 mark again, but also increasing its share of the total market value to 61.1%, close to a historical high.
• As Bitcoin continues to reach new highs, institutional and large investor interest is surging, and the launch of compliant tools like ETFs is continually attracting traditional funds into the market.
2. The Role of Institutions and ETFs
• Several asset management institutions have successively launched Bitcoin and Ethereum ETFs, facilitating the entry of compliant funds into the market and providing significant liquidity support in the short term.
• At this stage, the demand for ETFs in the market is still growing, and with more ETF products coming to market in the future, it may further consolidate market valuations.
3. Ecological Diversification and DeFi, Stablecoins
• Aside from Bitcoin, the market value of stablecoins has exceeded $240 billion, accounting for about 7.8%, becoming a market "safety cushion."
• Ecosystems like DeFi and Layer-2 remain active, and as more applications go live, related projects may become the next growth point for market value.
4. Risks and Volatility Reminder
• Although the total market value has returned to $3 trillion, the market experienced a correction of up to 18% in the first quarter, dipping to around $2.8 trillion, indicating that short-term volatility remains significant.
• Regulatory policies, interest rate environments, and international situations remain potential variables, and investors should be cautious of the risks of a market correction after overheating.
5. Medium- to Long-term Outlook
• If Bitcoin and mainstream public chains continue to make breakthroughs in technology iteration and ecological construction, the total market value is still expected to move to higher positions in the future;
• At the same time, as more countries and institutions accept and invest in blockchain technology, the overall market's "health" and "resilience" are expected to further strengthen.