Cryptocurrency Market Valuation Surpasses $3T Mark in Six-Week Peak as Altcoins Gain Momentum

The cryptocurrency market cap has surpassed $3 trillion, a level not seen since early March, with altcoins catching up to Bitcoin's recovery. This resurgence, marked by over $500 billion entering the market since April 9, could potentially indicate a sustained recovery.

Bitcoin remains the leader, with its value reaching over $93,700 in early Wednesday trading in Asia. Despite some gains, altcoins are still far from their peak, with Bitcoin's dominance standing at 64.4%. American Bitcoin ETFs also saw a reversal in flows with an increase of over $1 billion this week.

Ethereum and Dogecoin were among the top performers of the day, with increases of 13.5% and 12.7% respectively.