The combined market capitalization of all cryptocurrencies climbed past $3 trillion this week, a milestone that underscores how far the market has come since the start of the year.
Bitcoin dominance slipped several percentage points as traders rotated into Ethereum, Solana, and other large-cap altcoins — a classic pattern analysts associate with broadening bull markets.
“Liquidity is broadening, not narrowing,” said one fund manager. “That’s historically what healthy bull markets look like.” Derivatives data supports the optimism: funding rates remain neutral, suggesting the rally is driven by spot buying rather than leveraged speculation.
