The crypto market is sitting just below a historic milestone—$4 trillion in total market capitalization. Currently hovering around $3.93 trillion, the market seems unsure whether to surge forward or take a breather.
Bitcoin, the leader of the pack, is moving sideways in a tight range between $116K and $120K. This lack of strong direction has kept the rest of the market from building serious momentum.
Altcoins are also reflecting this indecision. Most major alts are either flat or experiencing mild pullbacks, signaling that traders are waiting for a clear signal—either from Bitcoin or a broader catalyst.
Market sentiment remains in “Greed” territory, with the Fear & Greed Index at 74. While this is a bullish indicator, it hasn’t yet tipped into the euphoric “Extreme Greed” zone that typically comes before major blowouts or sharp corrections.
Meanwhile, large players are quietly accumulating. Dogecoin saw a 40% jump after speculation around a potential ETF and miner investment news. MicroStrategy continues its Bitcoin buying spree, now holding over 607,000 BTC worth more than $43 billion. Ethereum is also seeing heavy institutional interest, with large wallets stacking aggressively.
On the innovation front, Coinbase has rolled out perpetual futures for Bitcoin and Ethereum in the U.S., giving traders more tools to express their market views. TON, the blockchain integrated with Telegram, is expanding its wallet ecosystem with features like staking, analytics, and fiat-to-crypto ramps.
So what could trigger the next move? Spot ETF approvals—especially ones with staking—could unlock fresh inflows. Continued whale activity may push sentiment higher. And if altcoins start running again, it could bring retail FOMO back in a big way.
For now, the market is holding its breath. But once that $4 trillion level is breached, things cou
ld accelerate quickly.
