#CryptoMarket4T The crypto market has recently hit an all-time high, surpassing $4 trillion in market capitalization with a 4% gain in 24 hours. This milestone puts the crypto market above Microsoft's market cap and just below Nvidia's $4.2 trillion valuation. Key factors driving this surge include ¹ ²:
- *Legislative Wins*: The US House of Representatives passed three significant crypto-related bills, including the GENIUS Act and CLARITY Act, which aim to create a stable regulatory framework for crypto and provide consumer protection.
- *Institutional Interest*: Record ETF inflows and potential changes allowing 401(k) investments in crypto are contributing to the market's growth.
- *Market Performance*: Bitcoin is steady above $120,000, Ethereum is up 8% to $3,600, and XRP has reached a new all-time high, up 18% to $3.64.
The current market sentiment reflects optimism, with the Fear and Greed Index standing at 74, indicating greed. The total trading volume for cryptocurrencies in the last day was $297 billion, with Bitcoin's dominance at 59.8% and Ethereum's at 10.9% ³.