Crypto Market Flashes ‘Buy’ as Total Capitalization Hits $3.8T All-Time High

Key takeaways:

• Crypto market cap hit $3.8 trillion on Monday, almost as big the UK’s GDP.

• One TOTAL index flashes a “buy” signal while a classic chart pattern hints at $4.45 trillion target.

The total crypto market capitalization reached a new all-time high of $3.8 trillion on Monday, close to surpassing the UK’s gross domestic product (GDP). 

Following the recent buildup, analysis reveals that the metric could reach new highs in H2 2025, based on a bullish technical setup.

Crypto market cap breaks all-time highs

The global crypto market capitalization rose 16% over the last five days, breaking past the previous all-time high of $3.76 trillion reached in December 2024 to a fresh record high of $3.8 trillion, per data from Cointelegraph Markets Pro and TradingView. 

Related: Bitcoin ‘shows no signs of fatigue’ as it overtakes gold in gains for 2025

This performance was largely driven by a surge in Bitcoin (BTC), which also rallied to a new all-time high of $123,000 on Monday. 

If the crypto market were a country, it would be the seventh-largest in GDP terms behind the United States, China, Germany, India, Japan and the United Kingdom. TOTAL, or the combined market capitalization of all cryptocurrencies, is now less than $40 billion behind the UK’s GD, as shown in the figure below.

Meanwhile, Bitcoin’s market cap alone is now over $2.4 trillion — larger than Canada’s GDP and just $22 billion short of Italy’s GDP.

The crypto market cap is now larger than that of tech giant Microsoft and is closing in on Nvidia, the world’s most valuable company, according to CompaniesMarketCap data.

As Cointelegraph reported, Bitcoin’s price rally also pushed its market cap above 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

Crypto market cap signals “buy”

TOTAL’s weekly chart shows that the Supertrend indicator flashed a bullish signal when it reversed from red to green and moved below the price last week.

This indicator overlays the chart while tracking BTC’s trend, like the moving averages. It incorporates the average true range in its calculations, which helps traders identify market trends.

Previous confirmations from the indicator were followed by a 1,000% and a 300% rally from in 2021 and 2023-2024, respectively.

According to the indicator, as long as the index is green and stays below the price, the price momentum tends to favor traders with a bullish bias.

“TOTAL cap has just signalled ‘buy’ on a macro chart,” said popular analyst Mikybull Crypto in a Monday post on X, adding:

“This is massive.”

An accompanying chart showed the appearance of the Supertrend indicator in the weekly time frame and TOTAL’s breakout from an inverse head-and-shoulders (H&S) pattern.

TOTAL CAP JUST SIGNAL “BUY” ON A MACRO CHART.

THIS IS MASSIVE pic.twitter.com/2uBJmkMjI7

— Mikybull 🐂Crypto (@MikybullCrypto) July 14, 2025

The measured target of the inverse H&S pattern is $4.45 trillion, or a 19% increase from the current level.

Earlier, Daan Crypto, a crypto trader, highlighted that a break above  $3.7 trillion would “get momentum and risk appetite properly going again.” 

Currently, the TOTAL crypto market cap trades above this level, potentially confirming a bullish continuation on the daily-candle chart.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.