The global cryptocurrency market capitalisation has surged to an all-time high of $3.8 trillion, edging close to overtaking the UK‘s gross domestic product (GDP), in a significant milestone for digital assets.
According to data from Cointelegraph Markets Pro and TradingView, the total crypto market cap — also known as TOTAL — rose by 16% in just five days, surpassing its previous record of $3.76 trillion from December 2024.
If the global crypto market were a national economy, it would now rank as the seventh-largest GDP worldwide, just behind the United Kingdom. The market is now less than $40 billion away from eclipsing the UK’s economic output, highlighting the sector’s remarkable growth in 2025.
Bitcoin Alone Tops Canada’s GDP
The lion’s share of this surge comes from Bitcoin, whose market cap alone now exceeds $2.4 trillion — making it more valuable than Canada’s economy, and only $22 billion short of matching Italy’s GDP.
Data from CompaniesMarketCap also shows that the crypto market cap has now overtaken Microsoft’s valuation, and is fast approaching Nvidia, currently the most valuable company in the world. Bitcoin has also outpaced Amazon, Silver, and Google in terms of market capitalisation.
Bullish Signals Flash for H2 2025
Technical indicators suggest the momentum could continue. A bullish signal has been triggered on the TOTAL weekly chart, with the Supertrend indicator flipping green and moving below the price — a setup historically linked with significant upward trends.
Historically, this signal preceded a 1,000% rally in 2021 and a 300% rise between 2023 and 2024.
The chart also indicates a breakout from an inverse head-and-shoulders (H&S) pattern, a classic bullish structure. The projected price target for this breakout stands at $4.45 trillion, representing a further 19% upside from current levels.
Trader Daan Crypto noted earlier that a decisive move above $3.7 trillion would reignite “momentum and risk appetite” across the market — a threshold the market has now convincingly surpassed.
