In the wake of the sharp rises of recent days, the total crypto market cap has reached a new all-time high (ATH). Here’s a closer look at this record.
Total crypto market cap hits new ATH
While the crypto market was already performing very well in recent days, the rise was further amplified by the favorable vote on three ambitious bills for a regulatory framework in the United States. Against this backdrop, the total capitalization of cryptocurrencies reached a new all-time high (ATH).
It set a record at just over $4 trillion, compared to the previous high of $3.908 trillion on December 17, 2024.
Although BTC reached an ATH on Monday, the behavior of altcoins over the last few days suggests that a handover is underway. This is also reflected in the famous ETH/BTC ratio, which has risen by nearly 22% since the beginning of the week. The ratio has now returned to the level it broke through at the beginning of February:
While BTC still accounts for 59.62% of the crypto capitalization, CoinMarketCap’s tool for identifying a potential alt season is giving increasingly telling signals, with an index of 48/100 to date.
We took a closer look at how this tool works when it was released last March, but in short, it shows the number of altcoins in the top 100 that have outperformed BTC over the last 90 days:
While the total crypto market cap has now corrected slightly below $4 trillion, we also saw a new ATH for Ripple’s XRP this morning.
