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Total crypto market cap has reached an all-time high of $3.83 trillion following a 2.7% rise on the day, according to Coingecko.
Digital asset market momentum has largely been driven by Donald Trump’s presidential election victory and the promise of a pro-crypto regulatory landscape in the United States.
Since election day on Nov. 5, almost $1.5 trillion has entered the crypto market as total cap has surged a whopping 63% in just one month.
<h2 id="bitcoin-cap-hits-2t">Bitcoin Cap Hits $2T</h2>
The crypto <a href="https://cryptopotato.com/altcoins-drive-crypto-market-cap-to-all-time-high-above-3-6-trillion/" data-wpel-link="internal" rel="noopener noreferrer nofollow">market cap</a> is now up 24% from its previous peak during the 2021 bull market when it topped out at $3.08 trillion.&nbsp;This was 270% higher than the 2017 market cap peak of $830 billion, so a similar gain in this cycle could propel the market cap to around $11 trillion in 2025.
Crypto assets have a long way to go since&nbsp;<a href="https://cryptopotato.com/long-term-bitcoin-holders-pumping-sell-side-brakes-as-consolidation-continues-analyst/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">markets</a> currently account for just 21% of the entire gold market cap, which is $17.9 trillion.&nbsp;Today’s record has been driven by Bitcoin, which surged to its own all-time high of <a href="https://cryptopotato.com/bitcoin-blasts-through-103000-after-trumps-pro-crypto-pick-for-sec/" data-wpel-link="internal" rel="noopener noreferrer nofollow">just under $104,000</a> during early trading in Asia on Thursday.
As a result, Bitcoin’s dominance has recovered to reclaim 57% following a substantial dip caused by altcoin momentum over the past couple of weeks.
Bitcoin market cap has also exceeded $2 trillion for the first time ever, making it the world’s seventh largest asset, just behind Google parent Alphabet with $2.1 trillion capitalization.
MicroStrategy founder Michael Saylor predicted that the Bitcoin market cap would reach a whopping $280 trillion by 2045, which equates to $13 million per coin.
“Bitcoin flips Gold market cap 2037. That’s my guess,” <a href="https://x.com/BobLoukas/status/1864463768995987876" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">said</a> trader Bob Loukas. At the moment, it is just 11% of gold’s market capitalization.
<h2 id="altcoin-market-cap-at-ath">Altcoin Market Cap at ATH</h2>
Ethereum has still failed to reclaim its psychological barrier at $4,000, but it is not far off it. The ETH market cap topped $460 billion as the asset spiked to $3,900 on Thursday morning.
Aside from stablecoins, the next largest digital asset by market capitalization is XRP, which has $130 billion and recently flipped Solana, which has $110 billion.
Total altcoin market capitalization has also hit a new peak of $1.85 trillion, surpassing its November 2021 peak, <a href="https://www.coingecko.com/en/global-charts" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">according</a> to Coingecko. Remarkably, Ethereum and stablecoins alone comprise 35% of this total.
The post <a href="https://cryptopotato.com/total-crypto-market-cap-tops-3-8-trillion-in-record-high/" rel="noopener noreferrer nofollow">Total Crypto Market Cap Tops $3.8 Trillion in Record High</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Total Crypto Market Cap Tops $3.8 Trillion in Record High

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