$BTC The cryptocurrency market, especially Bitcoin ($BTC), is gearing up for some important hearings, making it crucial to keep an eye on market volatility right now.

Let’s take a quick look at the upcoming regulatory hearings and why they matter for the cryptocurrency landscape. It’s essential to understand why monitoring market fluctuations is so vital at this moment, particularly for Bitcoin and other major cryptocurrencies.

Current State of the Cryptocurrency Market

Market Capitalization and Dominance

As of July 3, 2025, the total cryptocurrency market capitalization stands at a whopping $3.31 trillion, with a 24-hour trading volume of $89.7 billion. Bitcoin holds a commanding market share of 64.7%, which is a notable rise since the beginning of 2025. We’ll also touch on how this compares to previous years and what it means for altcoins.

Key Market Movers

Bitcoin (BTC) is currently trading between $106K and $107K, hovering near its all-time high. We’ll also look at other leading cryptocurrencies by market cap, like Ethereum, XRP, BNB, and Solana. A key trend to note is Bitcoin’s dominance, especially as many altcoins seem to be stagnating.

Why Volatility Matters Now More Than Ever

Volatility Metrics and Recent Trends

Bitcoin’s annualized volatility has surged to around 68% in Q1 2025, a significant jump from 2023. The average intraday price movements among the top 20 cryptocurrencies are exceeding 4.2%. We’ll compare this with traditional financial markets to see how they stack up.

Drivers of Volatility

Several factors are driving this volatility:

- Regulatory uncertainty: The anticipation of hearings and ongoing discussions in the US and EU are creating a buzz.

- Macro spillovers: Central bank policies and institutional flows are having an impact.

- Derivatives expansion: The growth of perpetual swaps and leveraged tokens is amplifying price swings.