New American legislation drives the crypto market to a historic peak of $4 trillion
The cryptocurrency market achieved a historic milestone by surpassing a total market value of $4 trillion for the first time, driven by a wave of strong optimism following important legislative moves in the United States aimed at regulating this dynamic sector.
According to data from the 'CoinGecko' platform, the market capitalization of cryptocurrencies during trading on Friday was approximately $4.003 trillion, a clear indicator of market recovery and increased institutional confidence.
This momentum is primarily attributed to the historic approval by the U.S. House of Representatives of three bills that regulate the crypto market, paving the way for the establishment of a clear and stable regulatory environment, reinforcing the United States' position as a central player in the digital asset market.
In this positive climate, alternative currencies have seen notable increases; Ethereum rose by 5% to reach $3,615.78, while Ripple climbed by 3.1% to $3.461.
In contrast, Bitcoin recorded a slight decline of 0.4% to trade at $118,997, which reduced its market value to $2.36 trillion, although it still dominates about 60% of the total market.
This strong market growth reflects a bullish trend driven by improvements in the legal framework, which enhances hopes of attracting more institutional investments and solidifying greater trust in the future of cryptocurrencies, despite ongoing price volatility in major assets.