Crypto market cap reaches $2.82T, highest in 7 months, driven by broad gains across major assets and crypto equities.
Macro & Markets ·
The total crypto market capitalization reached approximately $2.82 trillion on September 3, marking its highest level in over seven months. Gains extended across major assets including Bitcoin, Ethereum, Zcash, Cardano, Dogecoin, and Ripple, with crypto-linked equities also participating in the advance—MicroStrategy rose 15%, Circle gained 15%, and Coinbase climbed 10%.
The breadth of the rally indicates renewed risk appetite flowing into both crypto assets and companies with significant exposure to the sector. The advance follows a mid-January drawdown, suggesting a recovery in sentiment after that period. However, unresolved monetary policy decisions at the Federal Reserve level remain a potential source of near-term volatility, leaving open the question of whether current momentum can be sustained or faces headwinds ahead.