Bitcoins dominance fuels crypto market climb to $3 trillion
The global crypto market has climbed past the $3 trillion mark, driven by renewed investor interest sparked by US policy developments under President Donald Trump.
CoinMarketCap data shows that the total value of digital assets surpassed $3 trillion in early trading on May 1.
Although this represents a significant rebound for the market, it still lags behind the all-time high of $3.9 trillion recorded in December 2024. That earlier surge had coincided with mounting expectations around Trumps return to office and his pro-crypto stance.
Bitcoin remains the markets cornerstone, contributing nearly $2 trillion to the overall valuation. Its strong performance, bolstered by rising institutional inflows and relative stability during ongoing global trade tensions, has widened the gap between it and altcoins.
The conditions have pushed Bitcoins market dominance past 64%. This metric reflects the flagship cryptos growing role as a preferred asset among investors seeking exposure to the emerging industry while managing risk in a volatile economic environment.
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Text source: CryptoSlate
