#CryptoMarket4T The cryptocurrency market has reached a significant milestone, surpassing the $4 trillion mark for the first time.
This achievement is driven by a strong rally in major assets, including Bitcoin, Ethereum, and XRP. The market's growth is attributed to various factors, such as¹ ² ³:
- *Regulatory progress*: The passage of key crypto bills in the US House has fueled institutional interest and market growth.
- *Increased adoption*: The potential for retirement plans to access crypto may unlock trillions in fresh institutional capital.
- *Market momentum*: The crypto market has seen a significant surge, with many assets reaching new highs.
*Key Market Trends:*
- *Bitcoin's dominance*: Bitcoin commands nearly 60% of the market, with a market capitalization of $2.39 trillion. Its price has approached $123,000, with some sources reporting it near $118,000.
- *Altcoin rally*: Altcoins have outperformed Bitcoin, with some experiencing significant gains. Notable performers include⁴: