#CryptoMarket4T The cryptocurrency market has reached a significant milestone, surpassing $4 trillion in market capitalization for the first time. This achievement is driven by strong gains in major cryptocurrencies like Bitcoin, Ethereum, and XRP.
*Key Drivers:*
- *Regulatory Clarity*: The US House of Representatives passing three key crypto bills has boosted investor confidence and fueled the market rally.
- *Institutional Adoption*: Growing interest from institutions, including BlackRock's significant investment in Bitcoin and Ethereum, has contributed to the surge.
- *Market Sentiment*: Positive sentiment and increased demand for digital assets have pushed the market cap to new heights ¹ ² ³.
*Market Performance:*
- *Bitcoin*: Surpassed $120,000, with a market capitalization of $2.35 trillion.
- *Ethereum*: Reached $3,600, marking a 40% increase over the last two weeks, with a market capitalization of $429.02 billion.
- *XRP*: Hit a year-to-date high of $3.64, with a market capitalization of $202.90 billion.
*Future Outlook:*
- *Potential Overtaking of Nvidia*: The crypto market is less than 5% away from overtaking Nvidia's $4.2 trillion market cap, and analysts predict it could happen by the end of July.
- *Regulatory Developments*: The GENIUS Act and other crypto-related bills are expected to provide further clarity and support for the industry ².
