The global cryptocurrency market capitalization surpassed the $4 trillion threshold for the first time, according to data provided Thursday by platform Coingecko. In the past 24 hours, over $260.2 billion worth of crypto transactions were recorded.
Bitcoin currently holds a market share of 59.91%, with an estimated capitalization of $2.39 trillion. According to Vincent Liu, Chief Investment Officer at Kronos Research, reaching this threshold reflects a structural re-rating of cryptocurrencies in the global financial system, supported by constant ETF inflows and legislative progress in the United States.
The $4 trillion milestone occurs amid a broader growth trend in the crypto market. In the same timeframe, Bitcoin’s price increased by 1.71%, reaching $120,134, approaching its all-time high of around $123,000.