- Altcoin market cap has climbed to $1.03 trillion, nearing its multi-year resistance around $1.2 trillion.
- Total crypto market cap stands at $3.75 trillion, following a third breakout after previous 217-day bull cycles.
- Market structure from 2023 to 2025 shows higher lows, indicating a strong recovery and continued upward momentum.
The total market capitalization of altcoins, excluding Bitcoin and Ethereum, has reached $1.03 trillion as of July 2025. This level comes after a $15.39 billion gain within the last 24 hours, representing a 1.51% increase. The current movement places altcoins just below their multi-year resistance, last seen above $1.2 trillion.
Previous Peaks Marked Sharp Declines
According to Lark Davis, in late 2021, the altcoin market first touched the $1.2 trillion mark. Afterward, it declined sharply, falling below $500 billion by mid-2022. Through 2023, the market stayed within a tight range, fluctuating between $400 billion and $600 billion. That sideways pattern defined the sector’s post-peak stabilization phase.
In early 2024, the market saw renewed momentum. Capitalization climbed steadily and broke past $1 trillion in early 2025. However, a reversal occurred before breaching the $1.2 trillion resistance. The price fell rapidly again, losing a large portion of the previous gains.
By mid-2025, the market began another upward rally. The current rise marks the third attempt at the same resistance line. Market structure shows higher lows from 2023 through 2025, indicating consistent recovery phases supported by strong trading activity.
Crypto Market Cap Enters New Phase Following Third Breakout Pattern
To further validate the expected crypto market movement, an observation by TRACER indicates that the total cryptocurrency market cap chart shows a clear structure of repeated breakouts followed by extended upward movements. From 2021 to mid-2025, three separate bull runs have occurred, each lasting exactly 217 days. These runs began after distinct breakout points marked by crossovers between the red and blue trend lines.
The first breakout took place in mid-2021, pushing the total market cap near $3 trillion by early 2022. After that, the market experienced a decline before the next breakout appeared in mid-2023. That second phase ended in early 2024, with the cap reaching approximately $4.3 trillion. A correction followed before another breakout occurred in late 2024.
As of mid-2025, the market capitalization is reading just above $3.75 trillion. This value places the market shortly after the third breakout. The green box marks a fresh bull run, continuing a trend similar to the two previous phases. The current movement shows strong upside momentum. Each past bull phase lasted 217 days from breakout to peak. The current green path continues upward toward the $5.5 trillion projection. That level remains unconfirmed at this stage.
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