The cryptocurrency market has hit the $4 trillion mark for the first time , surpassing Microsoft (MSFT). Since the beginning of July, the market has added $700 billion to investor wealth, thanks to the recent "crypto week" inaugurated by Trump.
The US president will soon sign an executive order allowing the $9 trillion 401(k) retirement market to gain exposure to cryptocurrencies.
Cryptocurrency Market Surpasses Microsoft
The cryptocurrency market has sparked an unprecedented rally since mid-April, adding over $1.6 trillion to its market capitalization since Trump Liberation Day.
The U.S. House of Representatives on Thursday finally passed the landmark cryptocurrency bills, also known as the GENIUS Act and the Clarity Act , and the bill will now go to U.S. President Donald Trump for his final signature.
After this historic rally, the cryptocurrency market is less than 5% away from surpassing the largest global company, Nvidia, which currently has a market capitalization of $4.2 trillion.
Nearly $600 million has been liquidated from the cryptocurrency market in the last 24 hours, including $380 million in short liquidations, according to Coinglass data. While BTC's price remains stable at $118,000, the altcoin market is showing tremendous strength, buoyed by rallies in ETH, XRP, SOL, BNB, and DOGE, all up between 4 and 10%.
To top it all off, inflows into spot Bitcoin and Ethereum ETFs have increased significantly, suggesting increased institutional interest in digital assets.
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