#CryptoMarket4T The cryptocurrency market recently hit $4 trillion in market capitalization for the first time, driven by a powerful altcoin-led rally. Bitcoin, which represents nearly 60% of the market, traded around $118,000, while altcoins like XRP and Ethereum outperformed it.
*Current Market Trends:*
- *Altcoin Season*: Analysts believe altcoins could be on the verge of a significant breakout, with potential targets reaching $1.1 trillion in market cap.
- *Bitcoin Dominance*: Bitcoin's dominance has decreased to 61.6%, down from 64% just weeks ago, allowing altcoins to gain traction.
- *Regulatory Progress*: Regulatory progress and ETF inflows are supporting the market's growth ¹.
*Key Cryptocurrency Prices:*
- *Bitcoin (BTC)*: Trading around $118,000, with a slight decrease of 0.1-1.8% in the past 24 hours.
- *Ethereum (ETH)*: Trading at $3,494.19, reflecting a modest 2.69% increase over the past 24 hours.
- *BNB*: Trading at $719.39, with a modest 0.72% increase over the past 24 hours.
- *SUI*: Trading at $3.75, with a -6.85% decrease in the past 24 hours ² ³.
*Market Outlook:*
The crypto market's recent surge is expected to continue, driven by increased adoption, regulatory clarity, and institutional investment. However, some analysts predict a potential delay in the altcoin season due to rising Bitcoin dominance .
