Crypto Market Nears $4T Market Cap as Tokens Rally on US Regulatory Wins

The total crypto market capitalization is approaching the $4 trillion mark, driven by a strong rally in Bitcoin, Ether, XRP, and other major assets following the passage of three significant crypto bills in the US House. A market cap at this level would place the crypto sector just behind Nvidia , which recently crossed the $4 trillion milestone and now holds a valuation of $4.2 trillion. Data from CoinMarketCap shows that the crypto market has reached a peak of $3.8 trillion, while TradingView lists it slightly higher at $3.9 trillion, both figures exceeding the previous all-time high of $3.73 trillion recorded in December. Meanwhile, other trackers like CoinGecko have already indicated that the market has crossed the $4 trillion threshold, reflecting the sector’s rapid momentum in the current rally. Bitcoin climbed back above $120,000 on Thursday, marking a minor daily increase. However, Ether and XRP have outpaced Bitcoin in gains following the US House’s approval of key crypto legislations before its August recess. Ether surpassed $3,600 for the first time since January, bringing its fortnightly gains to 40%. Ripple’s XRP also soared by nearly 20% in a single day, hitting a year-to-date high of $3.64 during early trading on Friday. Analysts Predict More Crypto Market Upside Market analysts believe that further gains could be on the horizon as institutional confidence strengthens. Nick Ruck, director at LVRG Research, noted that traders are witnessing digital asset prices surge due to a combination of regulatory clarity and growing institutional support. He expressed optimism that this growth trend will continue as financial institutions compete to integrate crypto assets into their services. Nassar Al Achkar, chief strategy officer at CoinW crypto market exchange, shared a similar view, stating that Bitcoin and other cryptocurrencies have seen renewed interest as traders adopt a risk-on approach in response to positive regulatory signals. Al Achkar highlighted the passing of the GENIUS Act and President Trump’s proposed plans to open the US retirement market to crypto investments, which could potentially unlock trillions of dollars in institutional capital into the crypto market. The post Crypto Market Nears $4T Market Cap as Tokens Rally on US Regulatory Wins appeared first on TheCoinrise.com .

Source: The Coin Rise