- The crypto market cap reaches $3 trillion, with Bitcoin at $85,000 and Ethereum at $3,200.
- AI tokens like Fetch.ai rise 7.5% as the crypto market cap hits the $3 trillion milestone.
- Bitcoin dominance at 58.3% signals strong altcoin growth potential in the $3 trillion market.
On May 1, 2025, financial market participants revived their hopeful attitudes as the total cryptocurrency market capitalization hit $3 trillion, an all-time high. BTC and ETH led the central part of this market’s increase during the period when their prices were $85,000 and $3,200, respectively. During this period, Ethereum rose by 4.8% to a cost of $3,200. There was a pull in BNB to $620 (3.9%) and Solana (SOL) to $180 (6.1%).
Following this the total volume of markets increased, and the daily volume growth for Bitcoin spiked to $42 billion. It is revealed that activity in the Bitcoin network is on the rise as more addresses become active, increasing by 18%. The same was the case with the market enthusiasm for AI tokens during this period, specifically the FET token of Fetch.ai, which rose by 7.5% in May 2025.
AI Tokens and Market Dynamics Drive Significant Volume Surge
The cryptocurrency market cap enhancement enabled strong market performance by AI-related tokens. Fetch.ai experienced a 7.5% price increase, which brought its value to $2.80 at 10:45 AM UTC. Whale transfers for FET experienced a 25% increase due to 500 transactions with values exceeding $100,000 occurring on-chain. The popularity of AI tokens increases as AI trading bots continue to gain market acceptance. Binance indicates that AI trading bots increased the total market trading volume by 15%.
Both Fetch.ai and SingularityNET (AGIX) experienced significant spikes in trading volume, demonstrating growing dual investment interest in blockchain technology and artificial intelligence. The FET Relative Strength Indicator (RSI) exceeded 7,2, signaling ongoing buying momentum during a period where the entire market capitalization growth heightened AI token performance.
Technical Indicators Signal Continued Bullish Momentum
The technical indicators indicate that upward market momentum will continue. The Bitcoin RSI on its 4-hour timeframe had reached 68 points before approaching the overbought threshold while keeping a bullish directional indicator. A crossover in the Moving Average Convergence Divergence (MACD) analysis of Bitcoin supported the bullish outlook of continued price increases. Ethereum maintained support at $3,100 while it also showed resistance near $3,250. The specific price levels present opportunities for vital market entries or exits since traders seek both breakout and retracement signals.
Altcoins have the potential to outperform Bitcoin, as market data indicates that Bitcoin’s dominance stands at 58.3%, while investors shift their funds toward minor cryptocurrency tokens. The ETH/BTC trading pair on Ethereum’s market stands out because trading activity within this pair has been rising. A more capital-intensive approach to altcoins requires traders to focus on key support and resistance zones for effective entry and exit points.
