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Crypto Market Cap Surges to Record $2.7T
The record high comes as the world’s two largest cryptocurrencies continue to rally.
Updated May 11, 2023, 5:07 p.m. Published Oct 21, 2021, 1:11 p.m.
As bitcoin rallied to an all-time high of $66,000 on Wednesday, the market capitalization for all cryptocurrencies has pushed to a new record of $2.7 trillion, according to data from CoinGecko.
Ether , the native cryptocurrency of the Ethereum network, has also been climbing. The cryptocurrency hit a five-month high over $4,200 early Thursday.
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The industry’s total market cap has more than tripled since the beginning of this year, when it stood at $770 billion.
The surge in the overall industry’s valuation comes amid a new spirit of ebullience that has invigorated crypto markets since the start of October, with the rollout of first-of-their-kind exchange-traded funds (ETFs) linked to bitcoin futures prices and big Wall Street firms increasingly viewing cryptocurrencies as a legitimate asset class for investors.
The fast growth has also raised alarms among regulators, worried that stablecoins and other cryptocurrencies could present risks to the stability of the traditional financial system.
The total crypto market capitalization is now roughly double that of silver’s $1.4 trillion, according to the website companiesmarketcap.com, and has climbed as a percentage of gold’s $11.3 trillion. The crypto market cap also exceeds the valuation of the shares of Apple, the world’s largest publicly traded company, at $2.5 trillion.
At press time, bitcoin was trading at $65,000, up 12% on the week.
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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As the gap between spot bitcoin price and the power law widens, investors are left questioning whether mean reversion is coming or if another cornerstone model is approaching its end.
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- Bitcoin has largely tracked its long standing power law trend this cycle, though it now trades about 32% below the model.
- Earlier models like stock to flow have already failed, with its current implied valuation near $1.3 million per bitcoin
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