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Main insights:
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Cryptocurrency market capitalization reached $3.8 trillion on Monday, nearly equaling the UK’s GDP.
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A TOTAL index indicates a “buy” signal, while a traditional chart pattern suggests a target of $4.45 trillion.
The overall cryptocurrency market capitalization attained a record high of $3.8 trillion on Monday, nearly overshadowing the UK’s gross domestic product (GDP).
Following the recent surge, evaluations indicate that this metric could achieve further peaks in H2 2025, predicated on a positive technical configuration.
Cryptocurrency market cap surpasses previous highs
The worldwide cryptocurrency market capitalization increased by 16% during the past five days, exceeding the former all-time high of $3.76 trillion set in December 2024, reaching a new peak of $3.8 trillion, according to data from Cointelegraph Markets Pro and TradingView.
Related: Bitcoin ‘displays no signs of fatigue’ as it surpasses gold in gains for 2025
This remarkable performance was primarily propelled by a notable surge in Bitcoin (BTC), which also climbed to a new all-time high of $123,000 on Monday.
If the crypto market were a nation, it would rank as the seventh-largest by GDP after the United States, China, Germany, India, Japan, and the United Kingdom. TOTAL, or the collective market cap of all cryptocurrencies, is presently less than $40 billion behind the UK’s GDP, as depicted in the figure below.
Meanwhile, Bitcoin’s market capitalization stands at over $2.4 trillion — exceeding Canada’s GDP and only $22 billion short of Italy’s GDP.
The total crypto market cap now surpasses that of tech giant Microsoft and is approaching Nvidia, currently the world’s most valuable enterprise, according to CompaniesMarketCap data.
As Cointelegraph reported, Bitcoin’s price surge has propelled its market cap beyond that of Amazon, Silver, and Google.
🚨 BREAKING: Bitcoin is now the 5th-largest asset in the world, surpassing Amazon, Silver, and Google. pic.twitter.com/er1Bwu9ElJ
— Cointelegraph (@Cointelegraph) July 14, 2025
Cryptocurrency market cap indicates “buy”
TOTAL’s weekly chart indicates that the Supertrend indicator produced a bullish signal when it transitioned from red to green and fell below the price last week.
This indicator overlays the chart while monitoring BTC’s trend, similar to moving averages. It uses the average true range in its computations, assisting traders in recognizing market tendencies.
Recent confirmations from the indicator were succeeded by a 1,000% and a 300% rally in 2021 and 2023-2024, respectively.
Per the indicator, as long as the index remains green and stays below the price, the momentum tends to favor traders with a bullish perspective.
“TOTAL cap has just indicated ‘buy’ on a macro chart,” observed renowned analyst Mikybull Crypto in a post on X, adding:
“This is significant.”
An accompanying chart illustrated the emergence of the Supertrend indicator in the weekly timeframe and TOTAL’s breakout from an inverse head-and-shoulders (H&S) pattern.
TOTAL CAP JUST SIGNIFIED “BUY” ON A MACRO CHART.
THIS IS SIGNIFICANTpic.twitter.com/2uBJmkMjI7
— Mikybull 🐂Crypto (@MikybullCrypto) July 14, 2025
The projected target of the inverse H&S pattern is $4.45 trillion, representing a 19% rise from the current position.
Previously, Daan Crypto, a cryptocurrency trader, emphasized that breaking above $3.7 trillion would “initiate momentum and rekindle risk appetite effectively.”
At present, the TOTAL cryptocurrency market cap operates above this level, potentially affirming a bullish continuation on the daily candle chart.
This article does not provide investment advice or recommendations. Every investment and trading decision carries risk, and readers should perform their own analysis when making choices.
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