Crypto Market Today: Global Crypto Market Cap Tops $4.24 Trillion as Bitcoin Dominance Hits 58.3%

Global Crypto Market Cap Tops $4.24 Trillion as Bitcoin Dominance Hits 58.3%Key Takeaways:The total cryptocurrency market capitalization has surpassed $4.24 trillion, the highest level since Bitcoin’s recent all-time high.Bitcoin (BTC) now accounts for 58.3% of the total market value.Daily crypto trading volume reached $157 billion, reflecting renewed institutional and retail activity.The global cryptocurrency market continued to expand this week, with total market capitalization climbing above $4.24 trillion, according to data from CoinMarketCap. The figure represents one of the strongest showings for the crypto market in 2025, driven by Bitcoin’s ongoing rally and increased trading activity across major assets.Over the past 24 hours, the total crypto trading volume stood at $157.07 billion, underscoring strong liquidity conditions and heightened market participation.Bitcoin Dominance Strengthens to 58.3%Bitcoin remains the clear leader, commanding 58.3% of the entire crypto market’s value. The world’s largest cryptocurrency recently traded near $123,800, just below its record high of $125,000 reached earlier this month.Analysts attribute the growing dominance to institutional accumulation, spot Bitcoin ETF inflows, and a rotation away from speculative altcoins toward blue-chip digital assets.Altcoins See Mixed MomentumWhile Ethereum (ETH) and Solana (SOL) have maintained steady inflows, several smaller-cap altcoins have seen mild corrections following last week’s surge. Despite short-term pullbacks, total DeFi and stablecoin market participation continues to expand, contributing to the sector’s long-term growth.Market analysts suggest that the $4.24 trillion milestone reflects renewed investor confidence amid easing macroeconomic pressures and rising global demand for digital store-of-value assets such as Bitcoin.