Total crypto market cap could top $4 trillion in Q2 — Analyst

A metric tracking global liquidity and crypto markets suggests that the total market capitalization of the cryptocurrency sector could hit $4 trillion in the second quarter of 2025.
The total crypto market capitalization reached a new all-time high of $3.73 trillion on Dec. 14, 2024, but since then, the metric has dropped 21% to $2.91 trillion.
Despite the current drawdown, one analyst believes the metric could reach new highs in Q2 2025.
Mark Quant, a crypto markets researcher, presented a study that indicated that a rising Global Liquidity Index (GLI) could pave the recovery path for the crypto market, potentially pushing the total crypto market cap to new all-time highs above $4 trillion in the second quarter of 2025.