The global cryptocurrency market has set a new historical record, surpassing a capitalization of $4 trillion and nearly matching the value of technology giant Nvidia, which is currently valued at around $4.2 trillion.
This is reported by Finway
Cryptocurrency Growth Drives Market to New Records
According to current data from analytical platforms, the market capitalization of cryptocurrencies exceeds $4 trillion, with recorded figures on CoinMarketCap and TradingView exceeding $3.95 trillion and $3.9 trillion respectively. This is already more than the previous peak recorded in December at $3.73 trillion.
The main drivers of this growth have been Ethereum (ETH) and Ripple (XRP). Ethereum, the second-largest cryptocurrency by market capitalization, has risen above $3600, allowing it to enter the top 30 global assets. Over the past month, ETH has shown a growth of 45%.
At the same time, Ripple (XRP) surged by 20% in one day, reaching an all-time high of $3.65 and exceeding a market capitalization of $211 billion. Currently, the asset is trading at $3.56.
The Role of Institutions and Legislative Innovations
“Traders are observing the rise in prices of digital assets due to support from regulators and institutions. We are optimistic about further growth as institutions actively integrate into the crypto industry,” explained LVRG Research Director Nick Rak in a comment to Cointelegraph.
Experts note that new legislative initiatives in the U.S. have significantly impacted the market. In particular, the House of Representatives has passed three important cryptocurrency bills, including the GENIUS Act, aimed at regulating stablecoins. This has sparked increased interest from institutional players.
CoinW Exchange’s Strategic Director Nassar Al Achkar points out that positive changes in the regulatory landscape and a “risk mode” among traders have been catalysts for the rise of Bitcoin and other cryptocurrencies. He also highlights U.S. President Donald Trump’s plans to open the pension market for investment in crypto assets, which could potentially attract trillions of dollars in institutional capital.
According to estimates from CryptoQuant, Bitcoin’s market capitalization could reach $5 trillion in the future, further emphasizing the optimistic sentiment in the cryptocurrency market.