The cryptocurrency market is showing significant recovery, reaching a new record capitalization. Recently, investor interest has increased considerably.
Market Capitalization of Cryptocurrency
The cryptocurrency market capitalization reached $4.1 trillion, according to CoinGecko. This is the second time within a month that the market has crossed the four trillion mark, indicating a strong recovery from a recent downturn.
Performance of Bitcoin and Ethereum
Bitcoin (BTC) has risen by 2.6% in the last 24 hours and is currently trading at $121,280, which is approximately 6% higher than last week. Ethereum (ETH) has also performed strongly, gaining nearly 20% over the past week and trading at $4,257.
Bitcoin Dominance in the Market
Despite the rise of altcoins, Bitcoin still dominates the market with a 58.9% share. This dominance limits expectations for an altseason, despite recent positive trends in other cryptocurrencies.
The situation in the cryptocurrency market remains dynamic, with positive signals from both Bitcoin and Ethereum. As institutional investment continues to grow, the market may reach higher values.
