#CryptoMarketCapBackTo$3T

### **1. Crypto Market Cap Approaches $3 Trillion**

- The global crypto market cap has surged to **~$2.95 trillion**, driven by:

- **Bitcoin (BTC)** reclaiming **$70,000** after recent volatility.

- **Ethereum (ETH)** breaking past **$3,800** ahead of anticipated ETF approvals.

- Strong performances from altcoins like **Solana (SOL), XRP, and Toncoin (TON)**.

### **2. Bitcoin Halving Effect Kicks In**

- The **April 2024 Bitcoin halving** has started reducing supply pressure, with miners holding rather than selling.

- Institutional inflows into **spot Bitcoin ETFs** (especially in the U.S. and Hong Kong) are boosting demand.

### **3. Ethereum & Altcoin Rally**

- **Ethereum** is gaining on expectations of a **spot ETH ETF approval** by the SEC in May 2025.

- **Solana (SOL)** has surged past **$200** due to growing DeFi and NFT activity.

- **Memecoins (DOGE, SHIB, WIF, BONK)** are also rallying in a risk-on market.

### **4. Macroeconomic Factors Supporting Crypto**

- The **U.S. Federal Reserve** signals potential rate cuts later in 2025, weakening the dollar and boosting crypto.

- **Geopolitical tensions** (Middle East, Ukraine) are driving some investors toward Bitcoin as a hedge.

### **5. Regulatory Developments**

- **U.S. Congress** is advancing crypto-friendly legislation, including **stablecoin regulation**.

- **Hong Kong** has approved **spot Bitcoin and Ethereum ETFs**, attracting Asian capital