The cryptocurrency market capitalization has added around 4.50% to its prices in the past 24 hours, and when writing, it was just below $4 trillion at $3.95 trillion. A sudden spike seems to be backed by the price growth in XRP, Bitcoin, and Ethereum.
However, in the intraday time frame, Bitcoin traded highest at $120,999 and lowest at $117,508. As of writing it is trading at $120,546 with an increase of 1.88%. In the same frame, its market capitalization has reached $2.39 trillion with an increase of 1.68%.
XRP has approached the all-time high of $3.84 in the past 24 hours, and traded in the range between $3.13 – $3.65. Its market cap has reached $214.50 billion with an increase of 15.41%.
It is worth noting that Ethereum has reached $3,668 with an increase of roughly 8.50% in the most recent trading session, and its market cap has topped $441.56 billion, representing an 8.30% increase.
How soon will the crypto market reach the $4 trillion mark?
As per market experts, the sudden uptick in the market capitalization seems to be fueled after the three major crypto bills have been passed in the U.S House.
The Genius Act brings transparency to stablecoin, the Clarity Act defines crypto assets class, and the Anti-CBDC Act protects digital privacy. This development marks a historic win for crypto in the United States, paving a broader path at the global level.
These passages mark significant milestones for the cryptocurrency market, fulfilling part of President Trump’s campaign promise to bolster digital currency in the United States.
This clarity in the United States has made crypto more reliable and more of a mode of investment, and now there are claims that by the end of this week, the market is expected to surpass $4 trillion and might reach above.
Analysts suggest that the market could continue to grow, with projections ranging from $4.3 trillion by the end of this quarter, contingent on sustained momentum, regulatory clarity, and macroeconomic factors such as global liquidity and ETF inflow.
A quick overview of the crypto market
According to the data from CoinMarketCap, the crypto market volume has been peaking, and when writing it was $225.19 billion, and at the same the crypto fear and greed index was at 71, indicating greed in the market.
Bitcoin is exchanging hands at $120,285 with an addition of 1.37% in the past 24 hours and has added 15% in a month. Over the last few sessions, it seems to be tumbling in the range $117,000 to $122,000, yet there is no sign of consolidation in the next few sessions, which could push BTC above $125k.
The intraday gainers list has been topped by Lido DAO, followed by Uniswap, Hedera, Cronos, Ethereum Classic, Dogecoin, Flare, XRP, Cardano, Chainlink, and Mantle.
