The global cryptocurrency market capitalization stands at $2.93 trillion, showing a 1.04% decrease over the last day. Bitcoin‘s BTC/USD market dominance currently sits at 63.39%, reflecting a slight 0.01% daily decline.

Trading activity intensified with 97,249 traders liquidated for $176.13 million over 24 hours, as open interest fell 4.62% to $117.06 billion and liquidations rose 2.59% to $175.92 million, Coinglass data shows.

The Crypto Fear & Greed Index remains at a neutral reading of 54, indicating balanced market sentiment.

Traditional markets closed positively on Friday, with the Dow Jones Industrial Average, tracked by SPDR Dow Jones Industrial Average ETF DIA, gaining 0.05% to 40,113.50, the S&P 500 tracked by SPDR S&P 500 SPY rising 0.74% to 5,525.21, and the Nasdaq-100 tracked by Invesco QQQ Trust, Series 1 QQQ advancing 1.14% to 19,432.56.

Futures linked to the Dow Jones Industrial Average dropped 60 points, or 0.1%. S&P 500 futures declined by 0.2%, while Nasdaq 100 futures fell 0.2%.

Top Gainers (24-Hours)

Investors will closely monitor this week’s critical economic events, including the first estimate of the first quarter of 2025 U.S. GDP growth, which analysts expect to show significant slowing.

The jobs report, personal consumption expenditures inflation data, and the Institute for Supply Management Purchasing Managers’ Index will also be in focus.

Additionally, earnings reports from major tech companies like Apple Inc. AAPL, Microsoft Corp MSFT, Amazon.com Inc. AMZN, and Meta Platforms Inc. META could influence broader market sentiment.

See Also: Peter Schiff Questions Trump’s Bitcoin Ambition Amid Trade Deficit Concerns: ‘Resources Are Just Wasted’

Analyst Notes:  Prominent cryptocurrency analyst Willy Woo noted on X that “BTC fundamentals have turned bullish,” providing a favorable environment to break all-time highs. Woo highlighted increasing capital flows into the network, with both total and speculative flows bottoming out.

“All dips are for buying under the present regime,” Woo summarized, though cautioning that Bitcoin’s short-term movement may be limited due to overextension.

Meanwhile, analyst Michaël van de Poppe said that altcoins are turning bullish after “the longest bear market ever,” which lasted four years.

Van de Poppe emphasized the correlation between Chinese Renminbi/U.S. Dollar movements and Ethereum’s performance against Bitcoin, suggesting that macroeconomic factors are more influential than traditional four-year crypto cycles.

Crypto analyst Ali Martinez said that Bitcoin’s “Accumulation Trend Score is nearing 1, signaling intense accumulation and strong holder conviction.”

The cryptocurrency market continues its maturation process amid growing institutional adoption, with U.S. Securities and Exchange Commission Chair Paul Atkins recently calling for clearer regulatory frameworks to help the industry thrive in the United States.

Shutterstock: Yalcin Sonat

Read Next:

• Dogecoin ‘Millionaire’ Says Give A ‘Serious’ Thought To Floki As Memecoin Makes Impressive 30% Gains Over 7 Days, Asks Followers To ‘Strap In’

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.