The global digital asset market showed a slight upward trend on Sunday morning, with a market value of $3.31 trillion. The increase marks the beginning of stabilization of the market after a week of volatility. However, XBIT (dex Exchange) analysts pointed out that market volatility still exists, especially the rise of Bitcoin's dominance has put some pressure on altcoins, and the lack of participation of retail investors has also limited the overall vitality of the market.
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Nevertheless, by observing the synchronous movement between the stock market and the cryptocurrency market, analysts found that investors' preference for risky assets has not changed fundamentally. The 90-day tariff suspension between the United States and China brought a glimmer of optimism to the market, but concerns over potential downgrades in credit ratings cast a shadow on the market. XBIT (DEX Exchange) analysts believe that the soaring deficit and the increase in debt burden may have an impact on future economic stability.
In traditional markets, both the S&P 500 and gold prices are close to their all-time highs. The S&P 500 is currently only 3.27% away from its all-time high, while gold prices are only 9% lower than their all-time high on April 22, 2025. This convergence reflects investors' continued demand for safe-haven assets. XBIT (dex Exchange) analysts pointed out that investors have been increasing their holdings of gold since March, mainly driven by economic uncertainty, geopolitical risks and surging demand from central banks.
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Meanwhile, the cryptocurrency market has maintained strong growth momentum amid weak U.S. inflation data and the Federal Reserve's rate cuts. The price of Bitcoin is hovering around $104,000, just 5% away from its all-time high on January 20, 2025. The market dominance of the largest cryptocurrency by market value has reached 62.5%, suggesting that the market may be about to rebound.
Altcoins such as Ethereum and Solana have also performed well in the past month. Ethereum prices have risen by more than 57% in the past 30 days, thanks to the successful upgrade of Pectra. Solana's DeFi activities have performed well, with its total locked value soaring by more than 28% in the past month. XBIT research data shows that despite the rise in Bitcoin's dominance, altcoins still have great development potential.
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In short, although the digital asset market is full of volatility and uncertainty, it also breeds unlimited possibilities. XBIT (dex Exchange) analysts said: Investors should maintain keen market insight and rationally allocate assets to cope with market changes. In such a market environment, investors need to assess risks and opportunities more carefully. As a trading venue that provides diversified trading pairs and security guarantees, XBIT (dex Exchange) can help investors better grasp market opportunities. Whether it is Bitcoin or altcoins, XBIT can provide investors with convenient trading channels and professional market analysis, helping investors maximize their returns in a volatile market.
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Contact：Rudy Divin
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