Crypto Market Hits $3.94T—Can Bulls Sustain Momentum in August?
What a month it was for crypto. When we measure the crypto space by total market cap, it climbed as high as $3.94 trillion this month — its highest mark ever. For comparison, that’s about in-line with Microsoft’s market cap, but a bit less than Nvidia’s $4.4 trillion value.
The crypto space gained about 16% for the month of July, marking its fourth straight monthly gain and the third monthly gain of 10% or more in that stretch. It’s now up more than 60% from the April lows.
Even if we strip out from the equation, it was still an impressive month. Under those assumptions, the market gained about 28% in the month — although its high of $1.56 trillion was still below the high from December 2024 and the peak from November 2021.
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