Total Crypto Market Cap Hits New All-Time High as Ethereum Flips MasterCard
Main Idea
The total crypto market capitalization has reached an all-time high of $4.14 trillion, driven by strong performances from Ethereum and Bitcoin, with significant institutional inflows and altcoin gains.
Key Points
1. Total crypto market capitalization hit a record $4.14 trillion, surpassing the previous peak of $3.5 trillion on July 23.
2. Around $750 billion has flowed into digital assets, nearing the $820 billion market cap during the November 2022 bear market crash.
3. Ethereum surged to $4,332, its highest price since December 2021, with institutional ETPs and corporate treasuries accumulating over 3 million ETH worth $13 billion in four months.
4. Bitcoin rose 3.3% to over $122,000, nearing its all-time high, while altcoins like XRP, BNB, and Solana also showed strong movement.
5. Ethereum's market cap reached $522 billion, exceeding the valuations of MasterCard and Netflix.
6. Bitcoin dominance has declined by 10% from its peak, with altcoin market shares gradually increasing.
Description
Total crypto capitalization is at an all-time high $4.14 trillion following big gains by both Bitcoin and Ethereum during early trading in Asia on Monday morning. The move has eclipsed the previous market capitalization peak on July 23. Total crypto capitalization has gained 22% since the beginning of the year, as around $750 billion has flowed into digital assets. The inflow is pretty close to the $820 billion that represented the entire market cap during the bear market crash in November 2022....
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