- The total crypto market cap has reached a new all-time high of $4 trillion, nearly as large as Nvidia
- Massive institutional inflows into spot Ethereum ETFs have hit $1.7 billion for the week, a new high
- The passage of the GENIUS Act and other crypto bills in the U.S. is fueling investor confidence.
The global crypto market has reached a new mark, climbing to a total valuation of $4 trillion, driven by a broad rally across major tokens and bolstered by developments in U.S. regulatory policy. This all-time high places digital assets just behind Nvidia, the world’s largest publicly listed company, which currently holds a market capitalization of $4.2 trillion.
CoinGecko has already recorded the $4 trillion mark being surpassed, while other data platforms are reporting levels between $3.8 trillion and $3.9 trillion.
A rise in the prices of Bitcoin, Ethereum, and XRP played a major role in pushing the market to this valuation. Bitcoin climbed back above $120,000 on Thursday, registering daily gains after a pullback.
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Institutional money pours into Ethereum ETFs
Ethereum surged by 4%, crossing $3,600 during the time of writing, amounting to a 43% increase over the past month. XRP rose by 11% to reach $3.51 early Friday, setting a year-to-date high.
Ethereum’s market cap now stands at approximately $439 billion. The surge follows increased institutional buying and historic inflows into U.S.-listed spot Ethereum ETFs. Nine ETH ETFs recently brought in around $602 million in new investments, adding to the $717 million recorded the previous day. Weekly inflows now total about $1.7 billion, the highest seen since December 2024.
Legislative momentum boosts investor sentiment
The rise in asset prices and trading volumes coincides with recent legislative action in the United States. On Thursday, the House of Representatives passed three cryptocurrency-focused bills, one of which, the GENIUS Act, has been sent to President Donald Trump for approval.
The bill introduces foundational regulations and consumer protection standards for stablecoins, with bipartisan backing.
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Two additional bills are now headed to the Senate. One seeks to establish clearer boundaries between digital commodities and securities by defining which assets fall under the jurisdiction of the Commodity Futures Trading Commission and which are regulated by the Securities and Exchange Commission.
These developments are part of what the current administration refers to as “crypto week,” a coordinated initiative aimed at making the U.S. a leading jurisdiction for digital asset innovation.
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Source: https://coinedition.com/total-crypto-market-cap-hits-4-trillion-nvidia/