Crypto market retests past highs as support strengthens, positioning total market cap for a breakout toward the $4.75 trillion mark.
Institutional accumulation during 2022-2023 laid the foundation for the current bull rally, fueling steady momentum into 2025 highs.
Technical charts show a clear trend reversal with balanced volume and bullish signals aiming for a $5 trillion market capitalization move.
The total cryptocurrency market cap hit $3.235 trillion on June 8, 2025, reflecting a 0.41% daily decline. However, the market structure suggests a bullish continuation is still in play. According to analyst BATMAN, this recent dip only strengthens the setup for a major move higher. The current correction phase follows a peak of $3.8 trillion in late 2024. Hence, this pullback may simply be a retest of previous highs before targeting new territory. Technical indicators now show strong support around current levels, with market watchers closely eyeing a move toward $4.75 trillion.
Accumulation Zones Fuel Bullish Momentum
The crypto market’s recent rally began after a prolonged accumulation phase between mid-2022 and early 2023. Market capitalization dropped to $800 billion in mid-2022, wiping out nearly 73% from the 2021 peak. However, institutional players began stepping in during this bottom formation. Volume surged during consolidation, signaling long-term accumulation. Consequently, this accumulation laid the groundwork for a two-year bullish trend starting in early 2023.
Source: BATMAN
By mid-2023, total market capitalization had cleared critical resistance levels. It climbed steadily to the current $3.2 trillion zone. Besides, every breakout formed a higher high, showing the structure of a classic bull market. Market activity continues to validate this upward trajectory through both price action and volume.
Technical Signals Point Toward $5 Trillion
Present market conditions display consolidation near recent highs with no major sell-off pressure. Moreover, trading volumes remain balanced, indicating healthy market participation. Technical charts reveal a broken downtrend, with price action now forming a new base.
The yellow arrow illustrates a bullish projection. Based on previous cycles, analysts expect a measured move toward $4.75 trillion. This forecast aligns with historical cycle durations and amplitude. Additionally, macroeconomic factors appear favorable, adding momentum to this trend
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