Crypto Market Cap Hits $3.36T as Bitcoin and Altcoins Rally
Crypto market cap surged from $1.3 trillion to $3.36 trillion as trading volume jumped 40%. Initially, altcoins outperformed a consolidating Bitcoin around $31,800, with Ethereum up 7% ahead of the Shanghai upgrade, Solana gaining 9%, and Dogecoin rising 6% on renewed attention.
The market momentum accelerated as Bitcoin reclaimed over $109,000. Meme coins Bonk and Floki posted double-digit gains. Positive political signals, including Elon Musk’s “America Party” endorsement of crypto, and bullish technical indicators (13 of 25 metrics flashing green, 12 moving averages signaling strong buy) drove investor appetite.
Featured Layer-2 projects and meme tokens, such as Bitcoin Hyper (HYPER) and Token6900 (T6900), saw presale activity with up to 394% APY rewards. Market sentiment turned bullish, suggesting further upside for Bitcoin and high-beta altcoins.
Bullish
The combined news highlights a significant surge in crypto market cap alongside rising trading volume and a broad altcoin rally. Bitcoin’s reclaiming of over $109,000 and double-digit gains in meme coins underscore renewed bullish sentiment. Positive political endorsements and strong technical indicators reinforce short-term momentum, while Layer-2 presale projects and increased institutional interest suggest sustained long-term upside. Overall, these factors point to a bullish outlook for both Bitcoin and high-beta altcoins.