The cryptocurrency market has achieved a significant milestone, reaching a total capitalization of $4 trillion. This notable shift comes as Bitcoin, Ethereum, and other major cryptocurrencies rise with massive gains as well as massive inflow seen in ETFs in the last few weeks.
Following the renewed investor interest, Bitcoin has climbed past $120,000 and Ethereum is trading above $3,600 after rising 8% in a day. XRP also went as high as $3.60, its highest ever—as per Coingecko data.
This rise has essentially pushed the rest of the market up with the total capitalization reaching the mark of $4 trillion for the first time.
The spikes in the crypto market reflects the impact of three important crypto bills, recently passed through the House in the United States. One of the bills, the GENIUS Act, sets rules and regulations for stablecoin. The bill aims to make the stablecoin landscape safer and easier for users.
The Senate has voted in favor of the bills and they are now waiting for President Trump to sign off on them. Many experts think these new laws could bring big investors into crypto and make the ecosystem more stable.
Alongside regulatory clarity, the growing adoption of cryptocurrencies among institutions and publicly listed businesses has helped increase demand. Beside, more and more companies are now also accepting crypto for payments or investing in blockchain technologies, further adding to the market’s movement.
Market watchers say this market cap shows rising investor confidence and interest in digital assets. Also, the passing of clearer rules in a major economy like the U.S. may also encourage other countries to take similar steps.
With prices rising and regulation becoming more defined, investors are keeping a close eye on what could be a turning point for the crypto space.
Also Read: Bit Origin Becomes First to Adopt Dogecoin Treasury with $500M Plan
