#CryptoMarket4T
The cryptocurrency market has reached a significant milestone, with the total market capitalization hitting $4 trillion for the first time. This achievement is driven by an altcoin rally, with Bitcoin trading near $118,000. Here are some key updates:
Market Performance
- *Total Market Capitalization*: $4 trillion
- *Bitcoin Price*: Trading near $118,000, with a slight decrease of 0.70% to 1.80% in the last 24 hours
- *Ethereum Price*: Surpassed $3,600, currently trading at $3,604.53 with a 0.60% increase
- *Altcoin Performance*: XRP and Ethereum have outperformed Bitcoin, signaling an altseason
Notable Events
- *Liquidation Events*: The cryptocurrency market experienced liquidations of around $816 million in the last 24 hours
- *Bitcoin Dominance*: Increasing, affecting altcoin market and potentially delaying altcoin season
- *Regulatory Progress*: U.S. stablecoin ban could drive Ethereum and DeFi growth, while Tether aligns USDT with GENIUS Act regulations
- *Institutional Growth*: Bitcoin ETFs reshape crypto landscape with institutional growth, leading to a decline in self-custody
Top Gainers
- *Ethereum Classic (ETC)*: Surges 20% amid bullish trends, reaching $24.55
- *Zebec Network*: Shows strong bullish support, indicating potential for a price rally.