The market capitalization of the cryptocurrency market on Friday, September 12, again exceeded the mark of $4 trillion. The breakthrough occurred against the backdrop of corporate investment inflows into altcoins and expectations of easing U.S. financial policy, according to data from the analytical platform CoinMarketCap.
The digital asset market has approached its historical maximum thanks to the rise in the dominance of Ethereum (14.1%) and other altcoins (29.2%). This growth has led to a reduction in Bitcoin's influence to 57.2% of the market.
Bitcoin's market capitalization reached $2.95 trillion at one point. The first cryptocurrency is gradually recovering from a two-week decline in value and is trading within $114,900.
Ethereum shows similar dynamics. The market capitalization of the largest altcoin reached $546 billion, and the market price exceeded $4516 per coin.
Inflation in the U.S. rose in August to 2.9%, the highest since the beginning of the year. This has fueled interest from corporate clients in cryptocurrency hedging instruments. Against this background, the weekly inflow into spot Bitcoin and Ethereum ETFs amounted to about $2.93 billion.
The Polymarket forecasting platform estimates the probability of a decrease in the key interest rate of the U.S. Federal Reserve at 87%, strengthening the bullish momentum in the cryptocurrency market.
"The further movement of the cryptocurrency market may depend on the shift in U.S. monetary policy and the resilience of flows into spot Bitcoin ETFs," analysts from the trading platform XS.com emphasized in comments to Finbold.
Earlier, the son of American President Donald Trump, Eric Trump, stated the high likelihood of explosive growth in the cryptocurrency market capitalization in the next 12–18 months.
