The crypto market has pushed “emotion repair” back into an “offensive mode.”
According to BlockBeats, on September 22, the crypto market continued to rally strongly; the total market cap has returned to the $3 trillion level. It is currently $3.042 trillion, up 5.4% over the past 24 hours. BTC broke through $87,000 and is now at $86,400. ETH broke through $2,800 and is now at $2,774. Total2 rose from $1.03 trillion to $1.17 trillion over the last week, an increase of more than 13.5%.
What does this mean? On one hand, capital is still chasing higher along the rebound trend, benefiting both major coins and altcoins. On the other hand, $3 trillion remains a very strong psychological level. Whether BTC can hold steady above $87,000 afterward will determine whether the rally keeps spreading or turns into a pullback from high levels.
Today is more like a turning point between two scenarios: either momentum continues and altcoins keep catching up, or prices spike then give back, with short-term volatility becoming much more pronounced. Are you more focused on how BTC is absorbed above $87,000, or on whether altcoins can catch and carry this wave of expansion?
Figure 1: Crypto total market cap returns to $3 trillion · Source page partial screenshot
Image source: https://www.theblockbeats.info/flash/368314
According to BlockBeats, on September 22, the crypto market continued to rally strongly; the total market cap has returned to the $3 trillion level. It is currently $3.042 trillion, up 5.4% over the past 24 hours. BTC broke through $87,000 and is now at $86,400. ETH broke through $2,800 and is now at $2,774. Total2 rose from $1.03 trillion to $1.17 trillion over the last week, an increase of more than 13.5%.
What does this mean? On one hand, capital is still chasing higher along the rebound trend, benefiting both major coins and altcoins. On the other hand, $3 trillion remains a very strong psychological level. Whether BTC can hold steady above $87,000 afterward will determine whether the rally keeps spreading or turns into a pullback from high levels.
Today is more like a turning point between two scenarios: either momentum continues and altcoins keep catching up, or prices spike then give back, with short-term volatility becoming much more pronounced. Are you more focused on how BTC is absorbed above $87,000, or on whether altcoins can catch and carry this wave of expansion?
Figure 1: Crypto total market cap returns to $3 trillion · Source page partial screenshot
Image source: https://www.theblockbeats.info/flash/368314
