#CryptoMarket4T The cryptocurrency market approaches 4 trillion dollars with volatility and an increase in the prices of some currencies. Here are some key points ¹:
- *Market Cap*: The market cap of the cryptocurrency market reached approximately 3.93 trillion dollars, with a daily trading volume of 297 billion dollars.
- *Leading Currencies*:
- *Bitcoin*: Decreased by 1.7% due to profit-taking and a decline in derivatives activity.
- *Ethereum*: Increased by 2.15% due to institutional investment inflows and confirmation of a technical breakout.
- *Ripple (XRP)*: Increased by 20% after the enactment of the GENIUS Act in the United States, but later fell due to profit-taking.
- *Market News*:
- U.S. President Donald Trump signed the GENIUS Act, which aims to regulate stablecoins.
- Block Inc. joined the S&P 500 index and is using Bitcoin payment services.
- Block's stock rose by 10% after the announcement of its inclusion in the S&P 500 index.
The cryptocurrency market is expected to continue to be volatile due to political and economic events. The current Fear and Greed Index stands at 74, indicating investor optimism ¹.