🔥 Altcoin Explosion: Market capitalization surpasses the $1.4 trillion barrier!
As the momentum of the crypto market recovers, altcoins are showing optimistic signs. Ethereum leads the movement, rising above $3,450, its highest price since mid-January. Bulls are confident, and interest in altcoins is growing following the breakout.
Since April, several cryptocurrencies have recovered in recent days. Increased volume and market structure help mid and small-cap coins recover alongside ETH and SOL.
The leading analyst at On-Chain Mind says altcoins are gaining momentum, and the technological environment is shifting in their favor. He noted in a recent X chart that the altcoin market has once again surpassed its 200-day moving average.
On-Chain Mind warned that this has happened many times in the market cycle, often followed by weeks of sideways movement and volatility, rather than a quick rise. But this time, it could be different. Ethereum is trading above $3,400, its highest level since mid-January, while Bitcoin stabilizes above key support zones, favoring a larger breakout for altcoins.
After months or years of consolidation, the price structures of several cryptocurrencies have turned bullish, making this time critically important. Higher lows and clear breakouts on higher timeframes in DeFi, Layer 1, and infrastructure tokens indicate increased demand and capital rotation.
Over $1.4 trillion in altcoin market capitalization
The total cryptocurrency market capitalization excluding Bitcoin (TOTAL2) has increased by 9.68% over the week, reaching $1.42 trillion, the highest level since March 2025. This strong growth confirms the breakout above the 50-week, 100-week, and 200-week moving averages, indicating the strength of the altcoin market.
Technical milestones include a bullish crossover of the 50-week SMA above the 100-week SMA. The 200-week SMA, currently at $880 billion, has supported previous declines and the current rise.
The surge of Ethereum above $3,450 was driven by retail investor activity and positive optimism. The next barrier is $1.6 trillion, last touched earlier this year, if TOTAL2 remains above $1.4 trillion.
