#CryptoMarket4T The crypto market has recently surpassed $4 trillion in market capitalization, driven by a surge in major digital assets like Bitcoin, Ethereum, and XRP. This milestone positions the crypto market just below Nvidia's $4.2 trillion market cap and above Microsoft's.
*Key Factors Contributing to the Surge:*
- *Legislative Wins*: The US House of Representatives passed key cryptocurrency-related bills, including the GENIUS Act and CLARITY Act, signaling a new era of recognition for digital assets in the US.
- *Institutional Interest*: Retirement plan access to crypto may unlock trillions in fresh institutional capital, further fueling market growth.
- *Market Rally*: A broad-based rally in altcoins, including XRP and Ethereum, has contributed to the market's growth, with some assets reaching new highs ¹ ² ³.
*Market Performance:*
- *Bitcoin*: Steady above $120,000, with a market capitalization of around $2.39 trillion, commanding nearly 60% of the market.
- *Ethereum*: Rose by 8% to surpass $3,600, contributing to the market's surge.
- *XRP*: Surpassed $3.23, playing a significant role in the market's growth ⁴ ² ¹.
*Future Outlook:*
The next few weeks will be crucial in determining the direction of the current crypto bull run, with ETF acceptances, use cases, and wider retail availability potentially supporting further growth ³.
