The global cryptocurrency market capitalization surpassed $4 trillion for the first time today (18th), setting a new historical record. According to CoinGecko data, the total cryptocurrency market capitalization currently stands at $4.005 trillion, with a trading volume of $266.3 billion in the past 24 hours and Bitcoin's market share at 59.91%, with a market cap of $2.39 trillion.
Vincent Liu, Chief Investment Officer of Kronos Research, stated:
Breaking through the $4 trillion mark not only has symbolic significance but also marks a new era of structural revaluation for cryptocurrencies in the global financial system. The strong breakthrough of Bitcoin, the continuous inflow of ETFs, and the ongoing clarification of regulatory policies have created a combined effect of positive factors, attracting a large amount of capital back into the cryptocurrency market.
The global cryptocurrency market capitalization has surpassed $4 trillion, coinciding with a broad market rebound. As of writing, the trading price of Bitcoin is $120,431, up 1.8% in the past 24 hours, just a step away from its historical high.
However, what attracts the market's attention even more is the subtle shift in fund flows, with competing coins collectively rising sharply, indicating that investors are shifting from Bitcoin to high Beta assets, heralding the start of the "season for competing coins."
CoinGecko data shows that Ripple (XRP) surged nearly 20% earlier, reaching a historic high of $3.64; Ethereum also rose 8.5% to $3,628 today; Solana (SOL) increased 7.45% to $181.66; Dogecoin (DOGE) rose over 12% to $0.2356; Cardano (ADA) saw an even larger increase of 15.5%, currently at $0.8619.
BTC Markets analyst Rachael Lucas pointed out:
The shift of funds from Bitcoin to high Beta (high volatility) assets is a common phenomenon in the later stages of a bull market. However, unlike in the past, this time there is more mature technology and fundamentals backing it.
Additionally, this surge in competing coins is also benefiting from a series of legislative developments in the United States, as the House of Representatives passed three cryptocurrency bills on Thursday, including the stablecoin regulation bill (GENIUS Act), which will be sent to President Trump for signing into law, while the digital asset market clarity bill (CLARITY Act) will be sent to the Senate for review.
Rachael Lucas stated, "The reason this round of the bull market is different is that the cryptocurrency industry has matured more. This wave of growth benefits from institutional infrastructure being in place, the proliferation of compliant products, and accelerated corporate adoption."
She estimates that the next key resistance level for the market will point to $4.5 trillion, and if the inflow of cryptocurrency spot ETF funds slows down, or if the overall economic environment reverses, it still cannot be ruled out that there will be downward risks.
"The firepower of competing coins is fully unleashed! The total market capitalization of cryptocurrencies has broken through $4 trillion, setting a new historical high" was first published on (Block客).
