Tremendous Uplift in Crypto Market: MCap Crosses $3 Trillion Again, Can Reach $4.7 Trillion by July!
The crypto market has once again shown its strength, and has signaled new trading opportunities for traders. On May 10, 2025, popular crypto analyst Cas Abbé tweeted that the capitalization of the entire cryptocurrency market has again reached the level of $3 trillion – which is being considered a very big bullish indicator. In just one week, the market has added $250 billion, which clearly shows that investor sentiment is entering the bullish zone.
Cup and Handle Pattern Breakout and Bullish Continuation
In Q4 2024, the crypto market cap broke out of the classic “cup and handle” pattern, which is considered a strong bullish signal in technical analysis. This breakout occurred around November 25, 2024, when daily trading volume increased by 40% to $120 billion, since then experts were speculating that the market was getting ready for a major rally. Now that the market has come back above $3 trillion, the speculation has become even stronger that the market cap could reach $4.7 trillion by July 2025.
Dumbar Performance of Bitcoin and Ethereum
Between May 3 and May 10, 2025, the price of Bitcoin (BTC) increased from $82,000 to $89,000 – a jump of almost 8.5%. Trading volume on major exchanges such as Binance and Coinbase spiked by 35% during this period. Ethereum (ETH) is also not lagging behind. It rallied from $2,900 to $3,200 – a gain of 10.3% – and the ETH/BTC pair also looked strong, reaching 0.036.
Altcoins also saw mind-boggling activity
Altcoins also became a part of this bullish momentum. Solana (SOL) rose 12% to reach $180, while Cardano (ADA) jumped 9% to $0.45. All this is an indication that a broad-based rally is going on in the market, not limited to just BTC or ETH.
But a caution is necessary… RSI reached 72
By May 10, BTC’s Relative Strength Index (RSI) reached 72 on the daily chart, which indicates overbought conditions. This means that a slight pullback can be seen in the short-term, but the overall trend still looks bullish.
Positive Effect of Stock Market as Well
The S&P 500 index also showed a gain of 2% in the same week and reached 5,200 points. The Nasdaq 100 showed a volume spike of 15% and went up to 18,500 points. All of these support a “risk-on” environment, where institutions are investing in crypto along with stocks.
$1.2 Billion Inflow in Bitcoin ETFs
According to CoinShares data, Bitcoin ETFs have seen an inflow of $1.2 billion in the first week of May alone, which clearly shows that institutional investors are now looking at crypto as a serious asset class. Glassnode’s on-chain data also shows that wallet addresses with balances greater than 1 BTC have jumped 25% — the accumulation phase is in full swing.
Trading Opportunities: BTC near $90K and ETH near $3,300
For short-term traders, the BTC/USDT pair may have an opportunity at the $90,000 resistance zone, while ETH/USDT is giving a chance for a breakout near $3,300. Stop-loss levels should be $82,000 for BTC and $2,900 for ETH to keep downside risk under contro
There is momentum in the market right now
With the current momentum of the crypto market and the support of institutional inflows, there is potential to achieve a $4.7 trillion market cap by July 2025. For traders, this is the time to stay alert, focus on technicals, and take strategic entries — as this rally could go on for longer.