Ethereum, Solana, Cardano Help Send Crypto Markets to Record $4.2 Trillion: Analysis
The post Ethereum, Solana, Cardano Help Send Crypto Markets to Record $4.2 Trillion: Analysis appeared on BitcoinEthereumNews.com.
In brief Total crypto market cap surged $4.2 trillion today, a new record. Ethereum, Solana, and Cardano prices are pumping, with signs pointing to building momentum. Myriad users give ETH an 87% chance to hit $5K this year, smashing past its previous all-time high. Crypto degens today woke up with smiles on their faces. The cryptocurrency market is rallying again, with total market capitalization climbing to an unprecedented $4.2 trillion, according to data from CoinGecko. That’s a 3% jump in just the last 24 hours and a new record high for crypto. Naturally, trading volume exploded, climbing 25.73% to $239.35 billion, signaling renewed investor appetite across the board. Even Monero, which tanked yesterday on fears of a 51% network attack, is in the green today. Bitcoin is, as usual, leading the way, once again rising above $120,000. But it’s altcoins stealing the show today. The Altcoin Season Index on CoinMarketCap has risen to 39, up from 29 last month, which suggests an early-stage rotation into alternative cryptocurrencies as Bitcoin dominance wanes. What are traders rotating into you ask? Within the top 10, it’s Ethereum, Solana, and Cardano showing strong signals. Ethereum (ETH) price: Testing all-time high Ethereum, which had previously lost a great deal of momentum following its 2021 peak, is now back in the spotlight as the “public company crypto treasury” craze spreads to ETH. Massive buys from publicly traded companies like the Consensys-linked Sharplink and Tom Lee’s BitMine have buoyed Ethereum prices. ETH is up a whopping 6% today, just shy of its 2021 all-time high above $4,800. On Myriad—a prediction market developed by Decrypt’s parent company Dastan—predictors are confident that ETH has the strength to top $5K this year. Just last week, the odds were even, but sentiment on Myriad has flipped resoundingly bullish. Users are now…
Filed under: News - @ August 14, 2025 12:25 am