Crypto Market Cap Races Toward $4 Trillion Milestone

While CoinGecko reports the milestone has been crossed, other trackers like CoinMarketCap still show figures just below it. Analysts attribute the rally in crypto prices to improved regulatory clarity and rising institutional interest, especially after the approval of the GENIUS Act and Donald Trump’s pro-crypto retirement plans. Total Crypto Value Nears $4 Trillion The total cryptocurrency market capitalization is edging closer to the $4 trillion mark, propelled by a fresh wave of investor enthusiasm after major legislative developments in the United States. The surge in certain cryptos like Bitcoin, Ethereum, and XRP pushed valuations higher, aligning with the US House’s approval of three major crypto bills just before the August recess. Total crypto market cap (Source: CoinMarketCap ) This bullish momentum places the crypto market just behind Nvidia, which recently became the world’s most valuable public company after crossing a $4.2 trillion market cap on July 9. While CoinMarketCap and TradingView report the current total crypto market capitalization at close to $3.8 trillion and $3.9 trillion, CoinGecko’s data suggests that the milestone has already been surpassed. ETH price action over the past 24 hours (Source: CoinMarketCap ) The recent upswing is being driven largely by Ethereum and XRP, with ETH jumping 5% to surpass $3,600 for the first time since January. This is a 40+% rally over the past month. XRP followed closely by spiking to reach a year-to-date high of $3.64. Since this top, the price of XRP dropped down to $3.46. XRP’s price action over the past 24 hours (Source: CoinMarketCap ) Bitcoin also contributed to the positive sentiment by reclaiming the $120,000 level after modest gains. At press time BTC was trading below this level at $118.955. Market analysts credit the rally to growing regulatory clarity and rising institutional interest. Nick Ruck , director at LVRG Research, stated that traders are reacting positively to the increasing alignment between regulatory frameworks and digital assets. Nassar Al Achkar , chief strategy officer at CoinW, mentioned that the passing of the GENIUS Act and Donald Trump’s plan to incorporate crypto into US retirement portfolios could pave the way for trillions in institutional capital to flow into the space.

Source: Coinpaper