BTC, ETH, and XRP lead the race

The global market cap of crypto now nears $4 trillion, thanks to a flurry of new highs for Bitcoin (BTC), Ethereum (ETH), and XRP after the US House approved three historic laws on digital finance.

How close is the crypto market cap to $4 trillion?

According to CoinMarketCap, the aggregate capitalization of crypto reached the peak of $3.8 trillion. TradingView pushes the estimate even higher: $3.9 trillion, significantly surpassing the previous all-time high of $3.73 trillion recorded in December.

Now the digital sector is one step away from an unprecedented milestone: only Nvidia, among the publicly traded companies in the world, is worth more (in June it surpassed $4.2 trillion).

Which cryptos are leading the new bull wave?

Bitcoin has regained the threshold of $120,000 on Thursday, confirming itself as a global attraction pole after the volatility of June. However, the real surprises come from Ethereum (ETH) and XRP (Ripple), which gather the direct enthusiasm of the market.

Already on Thursday, ETH reached $3,623 (+8% in just one day), returning to early January levels. In the last two weeks, the asset has accumulated an impressive +40%. Another historic figure: XRP soared by 20% in a few hours, marking the annual high of $3.64 in the early morning of Friday.

Both criptovalute are benefiting from favorable regulatory winds and a clear acceleration in institutional demand.

What triggered this rally? Here’s the role of the new USA laws

The main boost comes from Washington: the House of Representatives has approved three significant cryptocurrency bills just before the summer recess of parliamentary work (August).

In particular, the adoption of the GENIUS Act and the plan signed by Trump to facilitate the access of US pension funds to digital assets are reshaping the relationship between traditional finance and the crypto-industry. As explained by Nassar Al Achkar (CoinW exchange), we might witness an influx of trillions of dollars from the institutional sector, changing the scale of digital investments like never before.

Industry experts, such as Nick Ruck (LVRG Research), are clear: 

“We are optimistic that this growth will continue with the advancement of institutional integrations.”

Why does political approval make the difference?

The US legislator is moving towards greater clarity on crypto rules. This new regulatory era in America is interpreted as a definitive turning point: unlocking investments coming from pension funds and institutions, the demand for Bitcoin, Ether, and other crypto could explode on a global scale.

Furthermore, Trump’s decision to open the doors of US pension funds to digital assets represents a potential turning point for regulation and mainstream adoption.

How much can the market cap of the crypto sector still rise? Analysts and perspectives

Observers note how the sentiment of the operators remains anchored to a “risk-on mode” fueled by legislative news and the race of institutional investors.

The momentum is supported by clear data: in the last 15 days, ETH has grown by 40%, XRP by 20% in just 24 hours; BTC confirms holding above $120,000. The flows are now coming from segments of the market that have been little active so far, such as large funds and pro-retirement operators.

However, the volatility remains high: those who invest must weigh the risks carefully. The increase in values driven by expectations does not protect against sharp corrections, especially in a regulatory context that is rapidly evolving.

What to expect now? Trends, risks, and opportunities

The cryptocurrency market is gearing up for a very hot phase. If the worldwide market cap were to actually exceed $4 trillion as indicated by TradingView, it would consolidate the overtaking of crypto compared to all listed companies except Nvidia.

Analysts still see room for growth: the new USA regulations, institutional push, and renewed confidence of retail investors are transforming 2024 into a possible bull-bear year.

Risks? They remain linked to possible waves of sudden profit-taking, and to the hypothesis that US regulations may change direction again with the shifting political climate. However, the regulatory drive seems impossible to ignore today.

Conclusions: revolution on the way or bubble risk?

The wave of purchases on Bitcoin, Ether, and XRP is fueled by the combination of appropriate regulatory factors and increased institutional interest, opening up new scenarios for the crypto industry.

Exceeding the $4 trillion threshold in the market cap of cryptocurrencies would mark a new turning point, and much will depend on the reaction of the markets in the coming days. Investors will need to be quick and attentive between new opportunities and possible corrections.

The future? It might depend on the next moves from Washington and the Trump effect on US pensions. If you want to stay updated on the news and trends, follow the main channels of the international community and get ready: everything can still change in the coming weeks.