The factors behind the rise of the cryptocurrency market today (Saturday, August 9, 2025) are numerous, and the most prominent can be summarized based on the latest data and analyses as follows:

### 🔵 1. **Market Leaders Rise (Especially Ethereum)**

- **Ethereum (ETH)** rose by **4.02%** to reach **$4,080.58**, supported by improved market sentiment and increased demand for it as a strong alternative to Bitcoin. Analyses also show that it is the second most stable currency for long-term investment after Bitcoin.

- Other coins that saw noticeable increases: **Dogecoin (DOGE) +4.16%**, **Cardano (ADA) +1.12%**, and **Binance Coin (BNB) +1.58%**.

### ⚖️ 2. **Positive Regulatory Developments**

- **Resolution of Ripple's (XRP) dispute with the Securities and Exchange Commission (SEC)** after 5 years of litigation, granting the currency legal clarity and opening the door to investment products such as **its own ETFs**, which enhances investor confidence.

- **Advancement of cryptocurrency legislation in the United States**: The U.S. Congress began discussing 3 bills on July 14 to regulate the market, reducing the severity of legal risks.

### 💼 3. **Increased Institutional Demand**

- Companies like **Smarter Web** (listed on the London Stock Exchange) doubled their investments in Bitcoin, purchasing **275 additional coins** at an average price of **$108,182 per coin**, reflecting growing confidence from large investors.

- **Bitcoin's market capitalization** reached **~$2.32 trillion**.