Crypto Market Cap Blasts Past $4 Trillion as Altcoins Accelerate
The total value of all cryptocurrencies has surged past $4 trillion, according to CoinGecko, marking a new milestone for digital assets as capital rotates rapidly into altcoins like XRP and ether (ETH).
The rally pushed the CoinDesk 20 Index — a gauge of the largest and most liquid tokens — to an all-time high above 4,000, up 35% over the past month.
This marks the first time the crypto market has reclaimed historic highs since its November 2021 peak, when the market briefly crossed $3 trillion amid ultra-loose monetary policy and a speculative frenzy across NFTs, DeFi, and Web3 gaming. That cycle ended in collapse, with high-profile failures like Terra and FTX dragging valuations down sharply.
It’s taken nearly three years for the market to fully recover. But a new macro and political environment is accelerating that rebound. Bitcoin’s 36% rally in November 2024 — one of its best months in years — came after Donald Trump’s re-election reignited investor risk appetite and optimism around deregulatory crypto policy. That momentum has continued into 2025, boosted by the passage of the GENIUS Act.
With bitcoin above $120,000 and traders increasingly rotating into altcoins, analysts say the next trillion-dollar milestone may arrive far quicker than before. Spot ETF inflows, on-chain traction, and expanding institutional participation are driving the shift.
If the current pace holds, the $5 trillion mark could be within reach sooner than anyone expected.
