The crypto market capitalization reached $3 trillion when Bitcoin hit its all-time high in November 2021. However, as BTC approaches new price discovery, the total capitalization remains around $2.5 trillion, with altcoin markets down by around $500 billion from previous peaks. Ethereum is underperforming, with its market cap at just $317 billion, down 46% from its peak three years ago. Other high-cap altcoins like Solana, XRP, Dogecoin, Toncoin, Cardano, Polkadot, and Shiba Inu are also significantly down from their peaks. The lack of momentum and retail participation in altcoins is evident, while institutional Bitcoin ETF flows have surged. Bitcoin dominance has exceeded 60%, but some analysts believe altseason is approaching.



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