- Total crypto market cap hits $4.14T, up 22% YTD with $750B inflows.
- Ethereum leads with a 46% monthly gain, driven by ETP demand and corporate accumulation.
- Bitcoin nears new ATH at $122K, while altcoins remain relatively flat but could rally soon.
The total cryptocurrency market capitalization has surged to $4.14 trillion, setting a new record and surpassing the previous peak from July 23. This marks a 22% increase year-to-date, with approximately $750 billion in new capital flowing into digital assets. For context, this recent inflow is close to the entire market value during the bear market bottom in November 2022.
Despite the milestone, the crypto market remains slightly smaller than Nvidia, whose capitalization currently stands at $4.45 trillion. Analyst sentiment reflects uncertainty, with some noting the market’s unclear next steps despite being at an all-time high.
Ethereum’s Breakout and Institutional Momentum
Ethereum has been the key driver of the rally, hitting $4,332—its highest price since December 2021. ETH has climbed 46% over the past month, supported by:
- Strong demand from institutional ETPs
- Significant accumulation by corporate treasuries
In just four months, companies have acquired more than 3 million ETH (about $13 billion), according to Strategic ETH Reserve (SER) data. ETH’s market cap now stands at $522 billion, surpassing major corporations like MasterCard and Netflix.
Bitcoin Nears Record Levels
Bitcoin also surged 3.3% in early Monday trading in Asia, reaching $122,000—just shy of its all-time high. The asset has fully recovered from earlier monthly losses and is positioned for potential new price discovery.
Altcoin Market Still Quiet
While BTC and ETH lead, altcoins have not yet seen the same momentum:
- XRP, BNB, and SOL remain mostly flat
- Hyperliquid (HYPE) gained 5.6% to $46, nearing its all-time high
- Ethena (ENA) jumped 11% on the day
Analysts suggest altseason may be approaching, as Bitcoin dominance has fallen 10% from its peak and altcoin market share is slowly rising.
