The market value of the cryptocurrency market has risen to exceed 4 trillion dollars for the first time in its history.

This gain has been supported by the price of Bitcoin rising by more than 2% to exceed the 122 thousand dollar mark and approaching its historic level recorded at 123.3 thousand dollars.

Additionally, the price of Ether has risen by more than 3% this Monday morning, bringing its gains over the last 7 days to 22%, supported by the continued interest of financial institutions in purchasing cryptocurrency exchange-traded funds.

In a related context, Dr. Mohamed Abdel Motaleb, a partner at "X Pay", stated that the recent rise in the price of "Ethereum" (Ether) was expected.

Abdel Motaleb attributed the rise in Ether to the issuance of a new US legislation related to stablecoins, which rely 90% on Ethereum networks.

He continued: "This legislation will allow for the licensing of these currencies, leading to an increase in transactions and demand for them, and consequently an increase in the price of Ethereum."

He pointed out the essential difference between the two currencies, saying: "If Bitcoin is digital gold, then Ethereum is digital oil."

He emphasized that Ethereum has real uses unlike Bitcoin, which is considered just a store of value, and that increasing uses of Ethereum will lead to a rise in its value. #HotJulyPPI #HotJulyPPI #BNBBreaksATH #BTCBreaksATH #REVABinanceTGE $BTC $XRP $BNB