The total crypto market capitalisation is closing in on a new all-time high, surpassing $4 trillion for the first time, according to CoinGecko’s official tweet. Other trackers show it just shy of that mark with CoinMarketCap reporting it at $3.8T, while TradingView lists it at $3.9T on July 18, 2025.
The milestone places all crypto assets directly behind Nvidia, the world’s most valuable public company at $4.2 trillion, and above the previous crypto peak of $3.73T set in December 2023.
Bitcoin remains stable above $120,000, but the recent momentum has been led by altcoins. Ether surged 8% to reach $3,619, while XRP jumped nearly 12%, hitting a year-to-date high of $3.64 in the last 24 hours.
The surge follows legislative wins in the U.S. that have injected new energy into the market and shifted market sentiment toward renewed institutional interest.
Crypto enters its institutional era
Three major crypto bills passed the U.S. House ahead of the August recess-including the GENIUS Act and a proposal to integrate crypto into retirement portfolios.
Traders describe current sentiment as “risk-on,” with institutional players watching closely. The alignment of regulatory clarity and capital flow is reshaping the narrative around digital assets.
As the market pushes past $4T, crypto is no longer fringe. It’s now side by side with tech titans—marking a symbolic transition to legitimacy and financial power.
Source: Total Crypto Market Capitalization ($CRYPTOCAP:TOTAL) chart from TradingView
The chart shows a clear breakout above the previous all-time high of $3.73T (December 2023), with the market currently testing the psychological $4T level. This move marks a historic shift in the digital asset space, reflecting renewed institutional momentum.