BTC gains while crypto market cap drops to $2.74 trillion, Scott Melker notes

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BTC gains while crypto market cap drops to $2.74 trillion, Scott Melker notes — Crypto market cap falls as BTC rises

Total cryptocurrency market capitalization declined 3.47 percent to $2.74 trillion, even as BTC rose 0.57 percent to $81,983. ETH slipped 0.40 percent to $2,417, while XRP edged up 0.05 percent to $1.30 and BNB increased 0.51 percent to $723. BTC’s market share climbed to 60.1 percent, with ETH accounting for 10.8 percent. The figures were reported by Scott Melker.

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Melker previously reported that TD Cowen increased its bitcoin price targets to $109,000 by 2026 and $280,000 by 2029 following strong market performance, according to TD Cowen's BTC forecast. He has also covered forecasts about major corporate moves, noting Barclays' view that Tesla and SpaceX could announce merger plans before December 2026 in a separate report. These earlier updates come as Melker continues to track developments in cryptocurrency and broader markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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