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Bitcoin Flexes Muscle as Crypto Market Tops $3T—Traders Cheer While Wall Street Rolls Its Eyes

Bitcoin Flexes Muscle as Crypto Market Tops $3T—Traders Cheer While Wall Street Rolls Its Eyes

Published:
2025-05-01 15:45:22
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BTC’s relentless rally accounts for over 60% of the sector’s valuation surge—proof that ’digital gold’ still calls the shots in this casino. Altcoins? Just along for the ride.

Key drivers: Spot ETF inflows hit $12B this quarter (thanks, boomers), while the halving hype machine goes into overdrive. Never mind that Tether’s printer is working overtime—who needs audits when you’ve got momentum?

Closing thought: The market cap milestone looks shiny... until you remember 90% of these tokens still have less utility than a frequent flyer mile.

Crypto Market Cap

Crypto market Cap (Source: CoinMarketCap)

Although this represents a significant rebound for the market, it still lags behind the all-time high of $3.9 trillion recorded in December 2024. That earlier surge had coincided with mounting expectations around Trump’s return to office and his pro-crypto stance.

Bitcoin remains the market’s cornerstone, contributing nearly $2 trillion to the overall valuation. Its strong performance, bolstered by rising institutional inflows and relative stability during ongoing global trade tensions, has widened the gap between it and altcoins.

The conditions have pushed Bitcoin’s market dominance past 64%. This metric reflects the flagship crypto’s growing role as a preferred asset among investors seeking exposure to the emerging industry while managing risk in a volatile economic environment.

Bitcoin Dominance

Bitcoin Market Dominance (Source: CoinMarketCap)

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