The current overall market value of cryptocurrencies is $2.21 trillion, with Bitcoin accounting for 53.2% of the market. Bitcoin still dominates the cryptocurrency market.

The current overall market value of cryptocurrencies is indeed significant, and Bitcoin continues to hold a dominant position within this market. As of the latest data, the total market capitalization of cryptocurrencies stands at approximately $2.21 trillion, with Bitcoin accounting for a substantial 53.2% share of this total value1234。

This dominance is not surprising given that Bitcoin has been the first and most well-known cryptocurrency, often considered a benchmark for the entire market. Its market cap, which is currently over $1.02 trillion, represents about half of the global cryptocurrency market cap4. This large share indicates the level of trust and interest that investors have in Bitcoin, despite the existence of thousands of other cryptocurrencies.

It is also worth noting that the cryptocurrency market is highly dynamic, with market caps and percentages constantly fluctuating due to various factors such as market sentiment, technological advancements, regulatory news, and macroeconomic trends. The market cap of $2.21 trillion reflects a snapshot of the current situation, but this figure can change as market conditions evolve3.

Furthermore, the growth of the cryptocurrency market is expected to continue, with a compound annual growth rate (CAGR) of 12.5% projected from 2023 to 2030, based on its market size valued at USD 4.67 billion in 20225. This projection suggests that the market, and by extension Bitcoin's influence, will likely expand in the coming years. However, it is important to keep in mind that the cryptocurrency market is also subject to high volatility, and predictions should be taken with caution.