The global market value of cryptocurrencies breaks through the $4 trillion mark for the first time, with strong upward momentum supported by multiple factors including competition coins.

On Thursday Eastern Time, the global cryptocurrency market cap surpassed $4 trillion for the first time. According to Coingecko's data, the total market cap of the cryptocurrency market is approximately $4.003 trillion, with a trading volume of over $260.2 billion in the past 24 hours. Bitcoin currently accounts for 59.91% of the total cryptocurrency market cap, with a market value of $2.39 trillion. What is particularly notable is the stronger performance of alternative coins, signaling a possible shift in market momentum from Bitcoin dominance to the emerging season of alternative coins. Rachael Lucas, a cryptocurrency analyst at BTC Markets, stated: "Alternative coins have surged as traders move funds from Bitcoin to high beta assets, which is a typical pattern of a late-cycle rebound, supported by technical and fundamental improvements this time." The rise of alternative coins is also supported by progress made during "Crypto Week" - the House of Representatives passed three key cryptocurrency bills, including the "GENIUS Stablecoin Act" and the "Digital Asset Market Clarity Act." This means the "GENIUS Act" will be sent to President Trump's desk, and it is expected that he will sign it before the end of this weekend.