The crypto market has officially hit a whopping $4 trillion valuation, with Bitcoin and Ethereum leading the charge. This milestone is a significant indicator of the growing institutional adoption and mainstream acceptance of digital assets.
*Key Drivers of Growth:*
- *Institutional Inflows*: Spot Ethereum ETFs have seen massive inflows, with $1.7 billion pouring in over the week, a new high.
- *Regulatory Progress*: The passage of the GENIUS Act and other crypto bills in the U.S. has fueled investor confidence, potentially unlocking trillions in capital.
- *Market Momentum*: Bitcoin's market capitalization has swelled to $2.4 trillion, while Ethereum's valuation stands at $440 billion ¹.
*Market Performance:*
- *Bitcoin*: Trading at $121,000, nearing its all-time high of $123,000, with a 1.71% increase in the last 24 hours.
- *Ethereum*: Up 21% over the past week, reaching $3,700.
- *Altcoins*: Showing significant momentum, with Solana and XRP surging 9% and 20% respectively ².
The $4 trillion milestone places the crypto market just behind Nvidia, the world's largest publicly listed company, with a market capitalization of $4.2 trillion. This achievement underscores the rapid growth and maturation of the crypto industry ³.