The total market capitalization of cryptocurrencies has surpassed $4.1 trillion, increasing by 2.5% in the past 24 hours, with BTC holding a market share of 58.7% and ETH at 12.6%.

The total market cap has reached a new high of $4.1 trillion, with a trading volume of $143.5 billion, and the market is extremely hot. BTC and ETH dominate, but altcoins are starting to attract capital.

This surge is related to ETH breaking through $4,300, with a 57% probability of a new high for ETH in October on Polymarket, suggesting that funds are rotating from BTC to ETH. In my personal view, institutions like SharpLink buying $200 million worth of staked ETH will increase TVL, and the DeFi sector, with a market cap of $164 billion, has already risen by 5.3%.

In the coming week, pay attention to the Federal Reserve's CPI data. If interest rate cuts materialize, the total market cap could reach $5 trillion, but be cautious of overheating leverage, as the risk of liquidation is high.