The global cryptocurrency market capitalization rose above the $4 trillion line for the first time on Thursday.
According to Coingecko data, the entire crypto market cap stood at around $4.003 trillion, with over $260.2 billion worth of crypto traded in the past 24 hours. Bitcoin currently dominates 59.91% of the total crypto market, having a capitalization of $2.39 trillion.
“Crossing the $4 trillion mark isn’t just symbolic; it signals a structural re-rating of crypto in the global financial system,” said Kronos Research CIO Vincent Liu. “Bitcoin’s breakout, persistent ETF inflows, and accelerating policy clarity have aligned to draw serious capital back into the space.”
The $4 trillion milestone comes amid a wider rally across the crypto market. Bitcoin rose 1.71% in the past 24 hours leading up to 11:15 p.m. on Thursday to $120,134, inching closer to its all-time high of around $123,000.
More notably, altcoins saw stronger gains, signaling a potential shift from bitcoin-led momentum toward an emerging altcoin season.
XRP soared 20% to overwrite its previous all-time high of $3.4, currently trading at $3.62. Ether rose 7.8% above $3,600, reaching its highest level since the beginning of this year.
Solana gained 6.16% to $180.6, Dogecoin added 10.52% to $0.23 and Cardano surged 14.76% to $0.86, according to The Block’s price dashboard.
“[Altcoins] posted strong gains, as traders rotate capital from bitcoin into higher-beta assets, a pattern typical of late-cycle rallies, but this time underpinned by improved technology and fundamentals,” said BTC Markets Crypto Analyst Rachael Lucas.
The altcoin rally is also being fueled by developments out of Washington during “Crypto Week,” as the House of Representatives passed three key crypto bills, including the GENIUS stablecoin bill and the Clarity Act. The passage effectively sends the GENIUS Act to President Donald Trump’s desk for his sign-off, likely by the end of the week.
“What’s changed this cycle is the maturity of the ecosystem,” Lucas said. “The rally is being supported by institutional infrastructure, regulated products, and increasing corporate adoption. Bitcoin is now appearing on balance sheets, ETFs are acting as credible on-ramps, and stablecoins are growing as a parallel payment system.”
The BTC Markets analyst said the next technical resistance lies near $4.5 trillion, with remaining downside risks in case spot crypto ETF flows slow down or macroeconomic conditions worsen.
Kronos CIO Liu noted that the $4 trillion milestone also adds complexity to the asset class. “As liquidity deepens and flows fragment across chains and venues, infrastructure and execution become increasingly crucial. Sustaining this growth will depend not just on momentum but on resilient systems and smarter risk frameworks that can adapt as the market matures,” said Liu.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
