#CryptoMarket4T
The crypto market has indeed reached an all-time high, surpassing $4 trillion in market capitalization. This milestone comes after a significant surge in the market, driven primarily by altcoins. Here are some key points about the current state of the crypto market ¹ ² ³:
- *Market Capitalization*: The global crypto market cap has reached $4 trillion, positioning it just below Nvidia's $4.2 trillion market cap.
- *Bitcoin's Dominance*: Bitcoin's market cap stands at $2.36 trillion, with a dominance of 59.71%. This means altcoins now make up a larger portion of the market.
- *Altcoin Rally*: Altcoins like XRP, Ethereum, Solana, Dogecoin, and Cardano have seen significant gains, with some outperforming Bitcoin. XRP jumped 20% to hit $3.64, while Ethereum rose 7.8% to $3,600.
- *Regulatory Progress*: The recent surge is attributed to regulatory progress, including the passage of key crypto bills in the US House of Representatives. This legislation may unlock trillions in fresh institutional capital.
- *ETF Inflows*: Ethereum ETFs have seen record inflows, with $726 million in daily inflows recently, pushing ETH past $3,594.
- *Market Outlook*: Analysts predict further growth, with some setting targets for Bitcoin at $200,000. The crypto market's newfound strength is expected to attract more investor attention and capital inflows.
Some notable cryptocurrencies and their performances include ²:
- *$XRP *: 20% jump to $3.64
- *$ETH *: 7.8% rise to $3,600
- *$SOL *: 6.16% climb
- *Dogecoin*: 10.52% gain
- *Cardano*: 14.76% surge
