"Crypto Market Cap Surges to $3.07 Trillion as Trump Boosts Bitcoin"

The global cryptocurrency market cap has climbed to $3.07 trillion, gaining 0.4% in the past 24 hours, as optimism sweeps across digital assets. The rally comes after U.S. President Donald Trump directed the Presidential Working Group to advance a Crypto Strategic Reserve, a move that sent Bitcoin (BTC) soaring and injected fresh momentum into the broader market.

As bullish sentiment builds, several altcoins are gaining traction, with some approaching key valuation milestones. Among them, Litecoin (LTC) and Sui (SUI) stand out, both on track to reach a $10 billion market cap by March, driven by growing institutional interest and an expanding ecosystem.

Currently trading at $114.24 with a market cap of $8.63 billion, Litecoin shows the potential to reach a $10 billion market cap in the near term. The growing anticipation of a Litecoin ETF approval is a major catalyst, as Nasdaq has already filed a 19b-4 application with the SEC for the CoinShares Litecoin ETF. Litecoin benefits from a clear regulatory status, with the CFTC classifying it as a commodity, reducing the risk of SEC intervention. This clarity makes LTC more appealing to institutional investors, especially if an ETF gets the green light.

Further supporting this outlook, Litecoin’s derivatives market has surged, with trading volume spiking by 225.80% to $3.10 billion, indicating heightened investor interest. While open interest dropped 6.13% to $561.06 million, long/short ratios remain bullish across major exchanges, with a strong bias toward long positions. With these factors in play, a rally toward $132 could soon materialize, pushing its market cap past $10 billion.

Sui (SUI) is well-positioned to reach a $10 billion market cap, driven by strong institutional adoption and ecosystem expansion. Despite last week’s record $2.9 billion in crypto market outflows, Sui defied the trend, attracting $15.5 million in inflows, making it the best-performing asset during the downturn, even surpassing XRP.

Sui’s derivatives market activity further supports its bullish outlook, with trading volume surging 98.04