Bitcoin (BTC) market cap surpasses $2.97 trillion as of May 4, 2025

Bitcoin maintained its market supremacy by controlling about 63.9% of the total market share. The BTC price maintains a position at $96k while experiencing a 0.82% intraday drawdown, which indicates mild bearish market conditions.

The cryptocurrency market is known for its volatility, which can be seen in the varied performance of major coins and emerging altcoins over the past week. As of May 4, 2025, the broader crypto market stood at a robust $2.97 trillion market capitalization, with Bitcoin maintaining its market supremacy by controlling about 63.9% of the total market share.

BTC price today

Bitcoin (BTC) trades at $96,000, where it experiences a 0.82% intraday drawdown, which indicates mild bearish market conditions. The BTC price may reach $105,000 according to analysts who expect market support from buyers.

On the other hand, Ethereum is trading at $1,830 with a 24-hour drawdown of 0.26%. Furthermore, the daily trading volume is at $13.67 billion, and it maintains a market cap of $222.43 billion.

The altcoin market sector is showing high levels of price fluctuations. The altcoin Fellaz (FLZ) demonstrated exceptional growth by achieving a 66% weekly increase, which brought its price to $2.93 with a trading volume of $22.56 million during the 24-hour period.

The coin experienced a 3.72% weekly decrease according to reports by Token Terminal, which reveals the volatile nature of the crypto market.

On the other side, the controversial king, OFFICIAL TRUMP token ($TRUMP), declined by 24% in a week while its daily trading volume reached $1.02 billion at $11.17 per token.

TRUMP occupies position 44 on CoinMarketCap with a market capitalization of $2.23 billion, yet its current performance shows decreasing interest in the meme coin.

The week was volatile and gave mixed signals, where bears and bulls continuously battled to grab control of the trend. However, the analysts suggest the market is stabilising and bulls have more power than bears. Therefore, the market can expect bullishness in the upcoming week.