Market Valuation Nears $4 Trillion Following Passage of Key Cryptocurrency-Related Bills in US Congress

Crypto Market Cap Races Toward $4 Trillion as Congress Passes Three Key Bills

The cryptocurrency market is on the verge of reaching a milestone valuation of over $4 trillion, fueled by significant gains across Bitcoin (BTC), Ether (ETH), and Ripple’s XRP. The surge in digital assets has been sparked by recent legislative developments in the United States.

Over the past two weeks, Ethereum surged 40% as the cryptocurrency market cap approaches the $4 trillion mark. This historic milestone would place the sector just behind Nvidia, currently valued at over $4.2 trillion.

As reported by CoinCentral, the US House of Representatives has approved three key bills related to cryptocurrencies, which have boosted sentiment and driven price increases across major digital assets. The passage of these legislative initiatives has reduced uncertainty for traders and institutional investors.

According to market analysis, regulatory clarity is a primary factor behind the current market performance. Traders are responding positively to developments that could unlock institutional capital and enable trillions in retirement funds to access crypto investments.

In an exclusive interview with CoinCentral, Nick Ruck, director at LVRG Research, expressed optimism regarding the future growth of the industry. He highlighted the rise in regulatory clarity as a key factor driving this momentum.

As we approach the $4 trillion valuation milestone, trading volumes are seeing a significant increase across major exchanges. This increased activity suggests sustained interest from both retail and institutional participants.

Source: coincentral.com