Crypto’s Dizzying Heights: A Giddy $3.8 Trillion

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For those who delight in the vertiginous thrills of cryptocurrency, the news is positively intoxicating: the total crypto market capitalization has reached a dizzying all-time high of $3.8 trillion. One can almost hear the champagne corks popping and the joyous whoops of the newly-minted crypto millionaires.

  • This giddy milestone means that the crypto market cap is now within spitting distance of surpassing the UK’s GDP – a prospect that must surely be giving the good people at the Bank of England a collective case of the vapors.

  • And if that weren’t enough, the TOTAL index is flashing a “buy” signal, like a siren luring in the unwary with promises of untold riches. Meanwhile, a classic chart pattern is hinting at a target of $4.45 trillion – a prospect that must surely be making the eyes of even the most seasoned crypto traders grow wide with wonder.

But let us take a step back and survey the landscape. The global crypto market capitalization has risen a staggering 16% over the last five days, breaking past the previous all-time high of $3.76 trillion like a hot knife through butter. And at the heart of this frenzy is Bitcoin, that most mercurial of cryptocurrencies, which has rallied to a new all-time high of $123,000.

If the crypto market were a country (and who’s to say it isn’t, in this strange new world we find ourselves in?), it would be the seventh-largest in GDP terms, nestled comfortably 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 GDP – a gap that seems to be narrowing by the minute.

And let’s not forget Bitcoin’s market cap, which now stands at a staggering $2.4 trillion – larger than Canada’s GDP and just $22 billion short of Italy’s. One can almost hear the Italians crying “Mamma mia!” as they contemplate the sheer scale of this crypto behemoth.

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. It’s a prospect that must surely be giving the good people at Microsoft a collective case of the blues.

As CryptoMoon reported, Bitcoin’s price rally has also pushed its market cap above that of Amazon, Silver, and Google. It’s a prospect that must surely be making Jeff Bezos weep into his coffee cup.

🚨 BREAKING: Bitcoin is now the 5th-largest asset in the world, surpassing Amazon, Silver, and Google. 🤯

— CryptoMoon (@CryptoMoon) July 14, 2025

A Bullish Signal

TOTAL’s weekly chart shows that the Supertrend indicator has flashed a bullish signal, like a green light to the crypto bulls. 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 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 🤯

— 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. It’s a prospect that must surely be making even the most seasoned crypto traders weak in the knees.

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.

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2025-07-14 19:41