#CryptoMarket4T The cryptocurrency market has recently surpassed the $4 trillion milestone, driven by surging prices of major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP. This achievement marks a significant milestone for the industry, with the market cap briefly crossing $4 trillion before slightly retracting to around $3.94 trillion.
*Key Factors Contributing to the Rally:*
- *Institutional Demand*: Growing interest from institutions, including investment in spot Bitcoin ETFs and Ethereum ETFs, has contributed to the market's growth.
- *US Policy Momentum*: The passing of key crypto bills, such as the GENIUS Act and CLARITY Act, has boosted market sentiment.
- *Regulatory Clarity*: Increased regulatory clarity in the US is expected to attract more investors and drive further growth.
*Market Performance:*
- *Bitcoin (BTC)*: Surged to an all-time high, with a current price of around $118,324.60, and a market cap of $2.35 trillion.
- *Ethereum (ETH)*: Reached $3,647, with a 44.5% monthly spike and a market cap of $433.78 billion.
- *XRP*: Hit a new all-time high of $3.64, with a 65.3% increase over the past week and a market cap of $205.39 billion ¹ ² ³.
*Future Outlook:*
- *Potential Overtaking of Nvidia*: The crypto market is less than 5% away from overtaking Nvidia's $4.2 trillion market cap, and could potentially reach this milestone by the end of July.
- *Increased Adoption*: Growing adoption of cryptocurrencies, including their use in retirement funds, is expected to drive further growth ².