Crypto Market Cap Reaches New All-time High As Assets Rally Market-wide
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The total market capitalization of all crypto assets broke to a new all-time high of $3.14 trillion. The rally, headed by Bitcoin (BTC), has several other tokens and memes in a price discovery stage.
The crypto market is repricing in real time, reaching a peak of $3.14B. The main driver of the gains remains Bitcoin (BTC), easily recovering to over $91,000. BTC continues to outperform all other assets, but the recent market expansion put several other coins and tokens on track to price discovery.
The crypto market grew, led by Bitcoin (BTC) as meme tokens head on another rally. | Source: Coingecko
Blue chip tokens stabilized, although they continue to lag behind the outsized BTC rally. BTC’s dominance is at 60.2%, affecting the overall direction of the market. At this point, influencers are seeing BTC behave as a meme asset supported by true believers.
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