The cryptocurrency market capitalisation stands at $2.97 trillion, with Bitcoin keeping a 63.9% share at $96,000. Altcoin Fellaz saw dramatic growth of 66%, while the OFFICIAL TRUMP token faced a 24% decline. Analysts predict a possible bullish trend ahead, indicating a stabilising market.
As of May 4, 2025, the total cryptocurrency market capitalisation is impressive at $2.97 trillion. This comes after a week marked by fluctuating performance among significant coins and increasing altcoins. Bitcoin remains firmly in the lead, commanding roughly 63.9% of the market share. Its current price sits at $96,000, reflecting a modest decline of about 0.82% from the previous day, signalling some bearish sentiment in the market. Yet, analysts remain hopeful, projecting a possible rise to $105,000, buoyed by steady buyer support.
Ethereum has similarly seen little change, trading at around $1,830 with a slight drawdown of 0.26% over the past 24 hours. The coin has a daily trading volume recorded at $13.67 billion and boasts a market capitalisation of $222.43 billion. Despite typically being the second most crucial player in the market, it seems to be holding steady amidst the fluctuations.
The altcoin sector, in contrast, has been particularly volatile. Altcoin Fellaz (FLZ) has shown stunning growth this week, surging by an incredible 66% and reaching a price of $2.93. The trading volume for FLZ was reported at $22.56 million over the past day. Surprisingly, there are conflicting reports indicating a 3.72% drop over the week for the same coin, highlighting just how unpredictable this market can be.
In the realm of meme coins, the OFFICIAL TRUMP token ($TRUMP) has seen better days. After a sharp decline of 24% within the week, it currently trades at $11.17, with a staggering daily trading volume of $1.02 billion. While TRUMP occupies the 44th spot on CoinMarketCap, with a market cap of $2.23 billion, its diminishing value suggests waning interest from investors.
Overall, this week has been marked by a fierce tug-of-war between bullish and bearish sentiment. Despite the volatility, analysts are optimistic about a potential shift towards bullish momentum in the upcoming days, suggesting that the market may stabilise. Investors are definitely keeping a close watch on upcoming trends, wondering if a bull run is just around the corner.
