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The crypto market today has soared big, with the total market cap hitting $3.8 trillion, marking a 3.25% daily gain. The rally was fueled by institutional accumulation, Bitcoin’s breakout to new all-time highs, and optimism around U.S. crypto regulation. 

That’s not all, major buys from enterprises like SharpLink and Metaplanet, combined with hype around “Crypto Week” and emerging support from the White House, are driving bullish momentum. As BTC dominance climbs to 63.6% and the Fear & Greed Index stays in “Greed” at 70, market sentiment is decisively optimistic.

What Happened in Crypto Market Today?

The crypto industry’s market cap rose by over $119 billion, hitting $3.8 trillion.

The intraday trading volume surged by 29.10%, reaching $150.62 billion, signaling strong participation.

Bitcoin price smashed through the psychological $122,000 resistance level, triggering $285 million in short liquidations.

Ethereum followed suit with increased activity, supported by a $48 million ETH buy from SharpLink.

Key Events Driving the Surge:

Institutional Inflows: SharpLink and Metaplanet collectively invested over $140 million into ETH and BTC, respectively, evidence of growing institutional faith in crypto assets.

Bitcoin Breaks ATH: The breakout above $122k marks a new all-time high for BTC, further catalyzing aggressive liquidations and FOMO buying.

U.S. Regulatory Optimism: The market is energized by discussions of U.S. stablecoin legislation potentially passing this week. Additionally, speculation around White House-backed Crypto Reserves has sparked bullish narratives.

Macro Correlation: With gold prices rising and tech stocks stabilizing, Bitcoin is again showing signs of being treated as a hedge asset.

Why This Matters

Bitcoin is leading the rally, but altcoins remain subdued, with the Altcoin Season Index sitting at 34/100. This shows that capital is still concentrated in major assets.

The return of institutional FOMO indicates growing mainstream adoption. Retail investors often follow big money, and that’s exactly what’s happening now.

Global interest is surging, as Bitcoin climbed the global asset ladder, flipping Amazon to become the 5th largest asset by market cap.

Expert Reactions

Lark Davis noted on social media,

“Bitcoin flipping Amazon is historic. Apple is next. The era of crypto as a fringe asset is over.”

Merlijn, a crypto macro analyst, emphasized:

“This is the Bitcoin Supercycle. We’re entering stage 8: vertical expansion, nation-state buying, and institutional FOMO. Most won’t realize it… until it’s too late.”

What Should Be Your Next Steps?

If you’re invested in BTC or ETH, this rally could mark the beginning of a stronger bull wave. You should consider restructuring your portfolio if needed.

Watch for regulatory developments this week, especially related to stablecoins.

Altcoins may lag for now, but if Bitcoin consolidates, capital rotation into smaller tokens could follow.

FAQs

Is the crypto market going up today only because of Bitcoin?

No, BTC is leading, but ETH, institutional buys, and macro narratives are also fueling the rally.

Will altcoins pump next?

Although the altcoin season index is low now, but could rise if BTC stabilizes, thereby opening doors of fortune for altcoins.

Is it too late to buy crypto?

Not necessarily. If this is indeed the start of a supercycle, long-term positions may still yield significant upside.