Crypto Market Cap Tops $4.1T; ETH Surge Outpaces BTC

The global crypto market cap topped $4.1 trillion for the second time in under a month, driven by strong Bitcoin and Ethereum performance. ETH rallied 46% over the past month to above $4,300—its highest since December 2021—on institutional ETP inflows and corporate treasury accumulation, lifting its market cap past $520 billion. BTC also gained about 3% to $121,000 after roughly $250 million in ETF inflows and growing institutional adoption. Mid- and small-cap tokens such as PUMP, LDO, ENA and HYPE outperformed with 5–18% gains, while major altcoins remained flat. Despite widespread rallies, Bitcoin dominance at 58.9% has stalled a full-scale altseason. Analysts note a shift from retail to institutional capital and traders are now watching dominance metrics and ETF flows to gauge whether the crypto market cap expansion will broaden into a sustained altcoin upswing.
Bullish
Record highs for crypto market cap, fueled by significant BTC and ETH gains alongside robust ETF and institutional inflows, suggest continued upward momentum. Ethereum’s 46% monthly surge and Bitcoin’s rebound to $121k indicate strong investor confidence. Even though BTC dominance is high and full altseason is delayed, outperforming mid-cap tokens and steady inflows point to bullish sentiment in both short and long term.