Altcoin Market Cap Hits $1.03 Trillion, 1.51% Gain Drives Third Bull Run

The altcoin market has reached a significant milestone, with its total market capitalization hitting $1.03 trillion. This surge places altcoins just below their multi-year resistance level of $1.2 trillion, a threshold last seen in late 2021. The current market cap represents a 1.51% increase from the previous day, driven by a $15.39 billion gain. This upward momentum is part of a broader trend that has seen the total cryptocurrency market cap reach $3.75 trillion, following a third breakout after previous 217-day bull cycles.

Historical data shows that the altcoin market first touched the $1.2 trillion mark in late 2021, only to experience a sharp decline that saw it fall below $500 billion by mid-2022. Throughout 2023, the market remained within a tight range, fluctuating between $400 billion and $600 billion. This sideways pattern marked a stabilization phase following the peak. In early 2024, the market regained momentum, climbing steadily and breaking past the $1 trillion mark in early 2025. However, a reversal occurred before the market could breach the $1.2 trillion resistance, leading to a rapid fall and the loss of previous gains. By mid-2025, the market began another upward rally, marking the third attempt to surpass the same resistance line. The market structure from 2023 to 2025 shows higher lows, indicating consistent recovery phases supported by strong trading activity.

According to TRACER, the total cryptocurrency market cap chart exhibits 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 trend lines. The first breakout in mid-2021 pushed the total market cap near $3 trillion by early 2022, followed by a decline. The second phase began in mid-2023 and 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 stands just above $3.75 trillion, shortly after the third breakout. This value marks the beginning of a fresh bull run, continuing a trend similar to the two previous phases. The current movement shows strong upside momentum, with each past bull phase lasting 217 days from breakout to peak. The current green path continues upward toward the $5.5 trillion projection, although this level remains unconfirmed at this stage.