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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.<\/p>\n
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.<\/p>\n
The inflow is pretty close to the $820 billion that represented the entire market cap during the bear market crash in November 2022.<\/p>\n
However, the entire crypto market is still worth less than one US corporation \u2013 Nvidia, which has a total capitalization of $4.45 trillion.<\/p>\n
\n\u201cNow is the most unclear timeline I\u2019ve seen, the market is at ATH, but no one knows what\u2019s next,\u201d said<\/a> analyst \u2018cyclop\u2019.<\/p>\n<\/blockquote>\n
Ethereum\u2019s Massive Move<\/h2>\n
The big move has been driven by Ethereum<\/a>, which has continued to rally, reaching $4,332 on Monday morning.<\/p>\n
This is the highest price ETH has seen since December 2021, more than three and a half years ago. It has gained 46% over the past month as its rally continues, largely driven by institutional ETPs and corporate treasury accumulation. The asset also closed its largest weekly candle since November 2021.<\/p>\n
ETH treasury companies have now hoovered up more than 3 million ETH worth around $13 billion in just four months, according<\/a> to SER.<\/p>\n
As a result, ETH market capitalization has surged to $522 billion, which makes it larger than MasterCard and Netflix.<\/p>\n
\nEthereum just flipped Mastercard by market cap.$ETH<\/a> \u2013 $521.9B$MA<\/a> \u2013 $519.1B pic.twitter.com\/EO60IYiN0u<\/a><\/p>\n
\u2014 CoinGecko (@coingecko) August 11, 2025<\/a><\/p>\n<\/blockquote>\n
Bitcoin has also done well<\/a> today, surging 3.3% to top $122,000 on Monday morning, bringing the asset to within $1,000 of a new all-time high.<\/p>\n
BTC has now erased all losses made earlier this month and is heading for new price discovery.<\/p>\n
No Altseason Yet<\/h2>\n
Altcoins are not mirroring the momentum of the top two, with very little daily movement for XRP, Binance Coin (BNB), and Solana (SOL).<\/p>\n
Hyperliquid (HYPE) is the top-performing higher-cap altcoin today with a 5.6% gain to top $46. The derivatives DEX token is now just 7% away from its all-time high.<\/p>\n
Ethena (ENA) was also having a good run with an 11% gain on the day, but the rest of the altcoins were mostly flat.<\/p>\n
Altseason could be close, according<\/a> to analysts. Bitcoin dominance is down 10% since it peaked, and altcoin market shares are inching higher.<\/p>\n
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