#CryptoMarket4T The Total Market of Cryptocurrencies
The total market capitalization of cryptocurrencies has reached over 4 trillion dollars for the first time ever, driven by strong movements in Bitcoin, Ethereum, and XRP.
Bitcoin surpassed $123,000 yesterday thanks to a massive buying wave following supportive U.S. legislation.
ETH, SOL, and XRP also recorded significant gains, especially XRP which approached its all-time highs.
The fear and greed indicators showed a state of greed with a reading of around 71 on the “Fear & Greed” index.
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🏛️ Legislation and Regulatory Events
832-0 The U.S. Congress has passed the Genius Act to regulate Stablecoins, while the House of Representatives approved the CLARITY Act to regulate the digital asset market .
1058-0 This is expected to lead to major institutions like JPMorgan, Citigroup, and BoA entering the market through independent stablecoin offerings .
1195-0 President Trump expressed support for legislation enabling the inclusion of cryptocurrencies in retirement funds and is considering issuing an executive order to achieve this .
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📊 Current Market Landscape
1358-0 Platforms like CoinMarketCap and CoinGecko indicate that the global market is in the range of 3.9 to 4.0 trillion dollars, with slight daily fluctuations, the disappearance of market movement distributions in DeFi, and the stability of Bitcoin's market power (~60%) .
