#CryptoMarket4T
The crypto market has reached an all-time high, surpassing $4 trillion in market capitalization. This milestone is driven by significant gains in major cryptocurrencies like Bitcoin, Ethereum, and XRP. Here's a breakdown of the current market ¹ ² ³:
- *Market Capitalization*: The total crypto market cap has crossed $4 trillion, with some trackers like CoinGecko confirming this milestone, while others like CoinMarketCap and TradingView report slightly lower figures, around $3.8-3.9 trillion.
- *Key Drivers*:
- *Regulatory Clarity*: The US House of Representatives passed three key crypto bills, including the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act, which aim to establish a regulatory framework for stablecoins and digital assets.
- *Institutional Investment*: Record inflows into spot Bitcoin and Ethereum ETFs, with BlackRock leading the charge, have contributed to the market's growth.
- *Major Cryptocurrency Performance*:
- *Bitcoin*: Steady above $120,000, with a 1.37% gain.
- *Ethereum*: Up 8% to $3,600, marking a 40% increase over the past two weeks.
- *XRP*: Surged nearly 20% to a year-to-date high of $3.64.
The $4 trillion market cap puts cryptocurrencies just behind Nvidia's $4.2 trillion valuation, highlighting the growing significance of digital assets in the global financial landscape