The global cryptocurrency market is on the verge of a historic breakthrough, with total market capitalization approaching $4 trillion, just shy of Nvidia’s $4.2 trillion valuation — the world’s most valuable publicly traded company.
Surging Prices in Ether and XRP Fuel Market Rally
Driven by major gains in Ethereum and Ripple’s XRP, the crypto market is witnessing renewed investor enthusiasm. According to CoinMarketCap, the market reached $3.8 trillion, while TradingView data shows $3.9 trillion, surpassing the previous high of $3.73 trillion from December. Meanwhile, CoinGecko trackers suggest the market has already crossed the $4 trillion mark.
“This level of market cap puts crypto right behind Nvidia, reinforcing its position as a dominant global asset class,” said an LVRG Research analyst.
Ethereum and XRP Lead the Charge
While Bitcoin (BTC) regained ground above $120,000, it’s Ether (ETH) and XRP that stole the spotlight. Ethereum surged 8% to $3,610, marking a 40% gain in just two weeks, and XRP jumped 20% to $3.64, hitting its highest price this year.
These rallies followed news of three groundbreaking crypto bills passing in the U.S. House of Representatives, creating a favorable legal foundation for digital assets.
Legislation Sparks Institutional Confidence
The surge comes just days after the U.S. House passed the GENIUS Act, the CLARITY Act, and a third crypto bill ahead of the August recess. These laws are expected to provide regulatory clarity and open the door to broader institutional participation.
“This could unlock trillions in capital from pension funds, retirement accounts, and family offices,” said Nassar Al Achkar, Chief Strategy Officer at CoinW.
Investors are now positioning themselves for potential long-term adoption, especially with President Trump reportedly preparing to sign an executive order allowing 401(k) retirement plans to include crypto assets.
What’s Next?
As crypto nears a $4 trillion milestone, market watchers are eyeing continued growth into Q3, particularly if regulatory momentum continues. Institutional players are now accelerating efforts to integrate with digital assets — a move that could shift the market from speculative cycles to sustained, fundamental growth.
“We’re witnessing the early stages of the next institutional bull wave,” concluded analyst Nick Ruck.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.