Global crypto market cap smashes above $4 trillion

The global cryptocurrency market capitalization topped $4 trillion on Friday, September 12, continuing this month’s generally rising ￰0￱ renewed institutional interest and recording $1.7 billion in fresh ￰1￱ exchange-traded fund ( ETF ) inflows over the past week, Bitcoin ( BTC ) still dominates, accounting for $2.95 trillion of the total, according to data from ￰2￱ market cap.), the second largest crypto, sits at about $546 billion, with ETF inflows of only $232 million over the same ￰3￱ account for around $268 billion of the overall market cap, while other cryptocurrencies are worth just over $900 ￰4￱ conditions still shaky the surge in the crypto market comes asthe macroeconomic environment remains ￰5￱ latest consumer price index (CPI) update showed annual inflation rising to 2.9% in August, the highest since January.

However, the data also showed that wholesale costs slightly eased, implying that while inflation is still rising, it is doing so at a slower pace. 12-month percent change in CPI.) networks, for instance, have shown strong sensitivity to ￰6￱ policy shifts, as have altcoins, which are known to swing more sharply during liquidity rotations. “At present levels, the next leg for price will hinge primarily on the ￰7￱ policy pivot and the durability of flows into spot Bitcoin ETFs exchange-traded funds,” wrote Linh Tran, an analyst at trading platform ￰8￱ thus appears that while the crypto market is experiencing some relief, the situation is far from certain, and the Federal Reserve’s decision will likely have a substantial impact on the industry this ￰9￱ image via Shutterstock