The total market capitalization of all cryptocurrencies surpassed $4 trillion, driven by significant investment from institutions into Bitcoin and Ethereum. Bitcoin's market cap increased to approximately $2.4 trillion, while Ethereum's reached about $440 billion. This surge followed a substantial inflow of $522.6 million into Bitcoin ETFs within a day, marking a continuation of high inflows that exceeded $2 billion over two weeks. Analysts note that Bitcoin and Ethereum account for over 70% of the total market capitalization, indicating their dominance in the crypto space. The recent passing of legislative bills in the U.S. aimed at providing clearer regulations for cryptocurrencies is further encouraging investment. Experts suggest this momentum is likely to continue, anticipating a rotation into alternative cryptocurrencies as market conditions evolve, marking what some analysts are calling the start of 'altcoin season'.

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