- The market capitalization of cryptocurrencies has reached a new all-time high, surpassing the $4 trillion mark for the first time in history, amid increasing legislative momentum within the United States aimed at regulating the sector and enhancing its stability.
During trading on Friday, the total market capitalization of digital currencies recorded approximately $4.003 trillion, according to data released by the "CoinGecko" platform.
This reflects a broad upward wave in crypto markets supported by the historic approval of three bills by the U.S. House of Representatives to regulate cryptocurrencies.
These legislations pave the way for the establishment of a comprehensive legal framework that regulates the sector's activities and enhances the United States' position as a leading force in the digital assets market, attracting more investors and institutions to the market.
In this positive atmosphere, alternative currencies witnessed a notable rise, with the price of Ethereum jumping by 5% to reach $3615.78, and the price of Ripple rising by 3.1% to $3.461.
