The global cryptocurrency market capitalization rose above the $4 trillion line for the first time on Thursday.
According to Coingecko data, the entire crypto market cap stood at around $4.003 trillion, with over $260.2 billion worth of crypto traded in the past 24 hours. Bitcoin currently dominates 59.91% of the total crypto market, having a capitalization of $2.39 trillion.
"Crossing the $4 trillion mark isn't just symbolic; it signals a structural re-rating of crypto in the global financial system," said Kronos Research CIO Vincent Liu. "Bitcoin's breakout, persistent ETF inflows, and accelerating policy clarity have aligned to draw serious capital back into the space."
The $4 trillion milestone comes amid a wider rally across the crypto market. Bitcoin rose 1.71% in the past 24 hours leading up to 11:15 p.m. on Thursday to $120,134, inching closer to its all-time high of around $123,000.
More notably, altcoins saw stronger gains, signaling a potential shift from bitcoin-led momentum toward an emerging altcoin season.
