A major technical signal just flashed green across the entire crypto space. On June 5, 2025, analysts confirmed a Golden Cross on the total crypto market cap chart — a rare event where the 50-day moving average crosses above the 200-day, often seen as a sign of long-term bullish momentum.
While Bitcoin and Ethereum led the charge, trading volume surged by over 20%, and altcoins like Solana and Cardano followed suit, adding fuel to what could become the next major rally.
📊 Why This Matters Now
- Total Market Cap: $2.85 trillion (+3.2% daily gain)
- BTC Price: $78,500 (+4.1%)
- ETH Price: $3,200 (+3.8%)
- Altcoins Rising: SOL +5.2%, ADA +4.7%
- Volume Surge: $98B spot volume in 24h, highest in months
- BTC RSI: 68 (bullish, but near overbought)
- BTC/S&P 500 Correlation: 0.78 (risk-on alignment)
The Golden Cross, paired with macro optimism (S&P 500 +1.5%), may mark the beginning of a risk-on cycle — with institutional flows back in play, including $320M added to GBTC last week alone.
🔍 Trading Perspective
With Bitcoin dominance at 54.3%, it remains the bellwether — but ETH and key altcoins are catching up fast. Volume on BTC/USD hit $12.4B, while ETH/BTC also climbed. On-chain metrics show declining exchange balances and increasing accumulation, hinting at reduced sell pressure.
For traders, this is a high-momentum setup. But risks remain — especially with RSI nearing overbought and global macro headlines still capable of flipping sentiment.
🧠 Is This a Buy Signal?
The market structure and technicals point to continuation — but not blindly. A breakout is likely, but pullbacks may offer better entries. Long-term investors could begin scaling in, while short-term traders should look for retests and confirmation around support levels.
This is not investment advice. Always do your own research and manage your risk before making trading decisions.
