Cryptocurrency Market Cap Surpasses $3.4 Trillion… Altcoin Rising in Full Swing

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The cryptocurrency market is regaining vitality. With diplomatic talks between the US and China yielding results in London, investment sentiment has recovered, and despite recent conflicts between Elon Musk and President Trump, market sentiment has turned positive. The total market capitalization of virtual assets rose by approximately 4% compared to the previous day, breaking through $3.4 trillion, which is a response to a 39% surge in trading volume that day. With the 'Fear and Greed Index' pointing to the 'Greed' zone, analysts suggest that the bull market has fully commenced.

Particularly noteworthy is the entry into the 'Altcoin Season'. According to the Altcoin Season Index, 47 out of 56 major coins have exceeded Bitcoin's (BTC) returns, clearly demonstrating a trend reversal. As the index continues to surpass its benchmark of 75%, the market has clearly entered an 'Altcoin market'. The rise in altcoin dominance, occurring while Bitcoin's price hovers around $106,000, suggests potential additional altcoin rallies when compared to similar past trends.

Currently, the most eye-catching coin is Pepe (PEPE), which saw daily trading volume reach $1.18 billion and rose nearly 10% in a day. Community-driven short-term trading demand is driving this sharp increase. Meanwhile, Sui is gaining recognition for its long-term growth potential based on fast transaction processing capabilities and increased TVL, and Ethereum (ETH) and Solana (SOL) are emerging as frontrunners of this altcoin season, backed by institutional fund inflows and increased user activity.

The cryptocurrency market's recovery is noteworthy not just for short-term technical trends but also for accompanying macroeconomic factors such as international situations and investment sentiment recovery. Now that global major coins have completed adjustments and entered a new phase, investors can consider strategic rebalancing centered on altcoins.

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#CryptocurrencyMarket#Bitcoin#Altcoins#Ethereum#Solana#Pepe#Sui

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