Crypto Market Today Surges $113B as Bitcoin, XRP, and Ethereum

• Bitcoin, XRP, and Ethereum led a $113 billion market surge, with XRP up 12% to $3.33 and Bitcoin at $116,700.
• Trump’s order allowing crypto in 401(k) plans and his Bitcoin-friendly Fed pick, Stephen Miran, lift investor confidence.
• Ripple’s SEC lawsuit ending and an 89.4% chance of a Fed rate cut in September drive optimism across the market.

The crypto market is heating up today, August 8, 2025, with Bitcoin, XRP, and several other coins climbing higher, adding $113 billion and pushing the total market value to $3.87 trillion. Trading action climbed 44% to $180.95 billion, proving investors are all in.

Fresh developments, like Trump’s crypto friendly moves, Ripple wrapping up its SEC fight. And a good shot at a Federal Reserve rate cut, are behind this climb. All the big coins are rising, with Bitcoin at $116,700, XRP up 12% to $3.33, and Ethereum closing in on $4,000.

Major News Lifts Market Hopes

Bitcoin’s 2% rise comes after Trump signed an order letting people add crypto to their 401(k) plans, tapping into a giant $8.9 trillion market.

Trump also picked Stephen Miran, a Bitcoin supporter, for a Federal Reserve spot, which has people optimistic. On top of that, $280 million poured into US spot Bitcoin ETFs on August 7, showing heavy hitters are betting big.

Ethereum’s 5% gain is linked to SharpLink Gaming’s $200 million buy for ETH, plus other major purchases. XRP’s performs well, climbing 12% after Ripple’s four year SEC lawsuit. Which ended with both sides calling off their appeals. This clarity, along with rumors of a BlackRock XRP ETF, has traders pumped.

The market’s also getting a confidence from an 89.4% chance of a Fed rate cut in September, which makes bold investments like crypto more appealing. The Bank of England’s recent 25 basis point rate cut helps set a positive tone too.

The charts are looking strong, with the market’s value staying above important levels between $3.67 trillion and $3.8 trillion, showing real staying power. After a rough end to July and start to August, this upswing feels like a new chapter.

Experts say big players, like banks handling XRP and companies snapping up Bitcoin and Ethereum, are driving the charge. 

Everyday investors are jumping in too, sending trading volumes higher. With XRP’s legal mess cleared up and rate cuts on the horizon, the market could keep climbing. Especially if more ETFs get the green light. CoinMarketCap’s heatmap screams that crypto’s back in a big way.

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