🚀 Crypto Market Cap Shatters ATH: Ethereum Surpasses MasterCard in Historic Flip

Digital assets just rewrote the rulebook—again. The total crypto market cap smashed through its all-time high as Ethereum executed a stunning coup, overtaking MasterCard's valuation. Traders scrambled while Wall Street analysts scrambled for excuses.

Ethereum's power play

The smart contract platform didn't just climb—it pole-vaulted past the payments giant. No 'disruption' buzzwords needed when the numbers scream this loud.

Market cap madness

Every altcoin caught the updraft as capital flooded the ecosystem. Even Bitcoin maximalists cracked a smile—before quickly returning to their 'number go up' spreadsheets.

One hedge fund manager groaned: 'We spent decades building financial infrastructure—and got outflanked by a bunch of decentralized apps.' Ouch.

Ethereum’s Massive Move

The big MOVE has been driven by Ethereum, which has continued to rally, reaching $4,332 on Monday morning.

This is the highest price ETH has seen since December 2021, more than three and a half years ago. It has gained 46% over the past month as its rally continues, largely driven by institutional ETPs and corporate treasury accumulation. The asset also closed its largest weekly candle since November 2021.

ETH treasury companies have now hoovered up more than 3 million ETH worth around $13 billion in just four months, according to SER.

As a result, ETH market capitalization has surged to $522 billion, which makes it larger than MasterCard and Netflix.

Ethereum just flipped Mastercard by market cap.$ETH – $521.9B$MA – $519.1B pic.twitter.com/EO60IYiN0u

— CoinGecko (@coingecko) August 11, 2025

Bitcoin has also done well today, surging 3.3% to top $122,000 on Monday morning, bringing the asset to within $1,000 of a new all-time high.

BTC has now erased all losses made earlier this month and is heading for new price discovery.

No Altseason Yet

Altcoins are not mirroring the momentum of the top two, with very little daily movement for XRP, Binance Coin (BNB), and Solana (SOL).

Hyperliquid (HYPE) is the top-performing higher-cap altcoin today with a 5.6% gain to top $46. The derivatives DEX token is now just 7% away from its all-time high.

Ethena (ENA) was also having a good run with an 11% gain on the day, but the rest of the altcoins were mostly flat.

Altseason could be close, according to analysts. Bitcoin dominance is down 10% since it peaked, and altcoin market shares are inching higher.