The global cryptocurrency market capitalization surged to a new all-time high of $3.8 trillion on Monday, narrowly trailing the United Kingdom’s GDP and igniting fresh bullish momentum among investors.
According to data from Cointelegraph Markets Pro and TradingView, the crypto market cap rose 16% over the last five days, eclipsing its previous record of $3.76 trillion set in December 2024. If the crypto market were a sovereign economy, it would now rank as the seventh-largest in the world, just $40 billion shy of overtaking the UK in GDP terms.
Driving the rally is Bitcoin, which also reached a historic high of $123,000, pushing its market cap to $2.4 trillion — ahead of Canada and nearing Italy’s GDP.
The surge places the crypto market’s value above tech giants like Microsoft, and close to Nvidia, the world’s most valuable company by market cap, as per CompaniesMarketCap.
Technical indicators also point to continued growth. The TOTAL index, which tracks the combined market capitalization of all cryptocurrencies, flashed a “buy” signal on its weekly chart via the Supertrend indicator, signaling the start of a potentially major uptrend. Historically, this indicator has preceded rallies of 300% to 1,000% in past bull cycles.
Additionally, chart analysis shows a breakout from an inverse head-and-shoulders pattern, a classic bullish reversal signal. The projected target stands at $4.45 trillion, representing a 19% increase from current levels.
Crypto analyst Mikybull Crypto remarked on X, “TOTAL cap has just signaled ‘buy’ on a macro chart. This is massive.”
Similarly, trader Daan Crypto noted that breaching the $3.7 trillion level could further fuel momentum and risk appetite, now confirmed by the market’s current position above this critical threshold.
With a strong technical setup and renewed investor optimism, the crypto market could soon challenge new frontiers in the second half of 2025.
