Crypto Market Cap: Bitcoin and Ethereum Lead Price Discovery Amidst Muted Sentiment

Despite subdued market sentiment, the cryptocurrency market is experiencing significant price discovery driven by Bitcoin and Ethereum. Institutional investors are significantly driving the capital flow into Bitcoin ETFs, with daily inflows exceeding $1 billion, according to market reports. This has propelled Bitcoin’s price to record highs, while Ethereum also makes new all-time highs. However, altcoins exhibit a more dynamic picture, with some experiencing rotational gains while others struggle for consistent momentum.