Cryptocurrency market capitalization has exceeded $4 trillion

The total value of digital assets exceeded $4 trillion for the first time amid bitcoin’s strengthening and altcoins’ sharp growth. According to CoinGecko, overnight trading volume totaled $277.4 billion, and bitcoin’s share fell to 59.5% – a signal of capital reallocation to more volatile assets.

According to Vincent Liu, investment director at Kronos Research, the milestone reflects not just speculative interest but a “structural revaluation of cryptocurrencies in the global financial system.” The growth has been fueled by record inflows into ETFs and easing regulatory uncertainty.

Against the backdrop of digital gold strengthening to $120,000, altcoins showed more impressive dynamics: BNB rose by 5%, Dogecoin by almost 15%. BTC Markets analyst Rachel Lucas explains this as a typical shift towards high beta assets, characteristic of the late phase of a bull cycle.

However, in her opinion, the current growth is more mature: it is supported by the development of regulated infrastructure, corporate participation and the strengthening role of stablecoins as a parallel financial system. Bitcoin is appearing on corporate balance sheets, and ETFs have become a convenient entry point for institutional investors.

According to analysts’ estimates, the next technical resistance level will be $4.5 trillion. At the same time, there are still risks – from slowdown of investments in ETFs to deterioration of macroeconomic situation.

Liu emphasizes that scale requires new approaches: as liquidity increases and flows become more fragmented, infrastructure and execution quality become more important. For sustainability, the market must develop not only quantitatively but also qualitatively.