Crypto Market Cap Jump $200B as Ethereum Pass $4.2K
Crypto market cap don jump $200 billion for di past days, e come reclaim level pass $4 trillion as Ethereum price climb reach three-and-a-half year peak of $4,200. Bitcoin rally near $118,000, meanwhile BTC dominance drop to 58% as traders dey rotate enter altcoins. Top tokens like DOGE, LINK, and HYPE gain up to 8%, and mid-caps like CRO, UNI, and XMR also show strong rallies. Specially, ENA and PEPE jump 20% and 11% respectively, while Pi Network’s PI rise 10%. Dis Ethereum price surge plus the bigger altcoin rally na wetin drive di crypto market cap increase, e show say bullish sentiment don return plus potential altseason moves for traders.
Bullish
Di sharp $200B rise for crypto market cap wey Ethereum surge reach $4.2K push, plus broad altcoin gains, show say market trend dey bullish. Historically, when market cap expand reach above $4T—like for 2021 altseason—traders get more confidence and money dey rotate from Bitcoin go altcoins. The drop for BTC dominance to 58% mean say dey shift towards altcoins, wey usually dey come before sustained rallies. For short term, momentum traders fit chase higher highs for both ETH and some select altcoins. For long term, if on-chain metrics and network fundamentals continue to improve, this one fit mean say the beginning of lasting bull phase. But traders suppose dey watch resistance levels near $118K for BTC and psychological ceilings around $4.5K for ETH.