The global cryptocurrency market capitalization has surged past the $4 trillion milestone, eclipsing its previous all-time high of $3.73 trillion recorded in December. This historic achievement follows the U.S. House of Representatives passing three landmark crypto bills, including the Generative Economic Expansion via New and Innovative Uses of Self-Custody (GENIUS) Act, which establishes initial regulatory frameworks for stablecoins and clarifies oversight between the CFTC and SEC.
Major cryptocurrencies reached unprecedented levels amid the rally: Bitcoin (BTC) reclaimed $120,000, Ethereum (ETH) surged 8% to break $3,600 (marking a 40% two-week gain), and XRP spiked nearly 20% to a year-to-date peak of $3.64. Industry analysts cite the regulatory clarity as transformative, with institutional investments flooding into crypto ETFs and 401(k) offerings. Trading volumes and liquidity surged across exchanges, accompanied by a notable rotation from Bitcoin into altcoins.
The legislative package – passed during what the Trump administration termed "crypto week" – includes a bill prohibiting CBDC development and another defining digital asset classification. The GENIUS Act, receiving bipartisan support, now moves to President Trump's desk while other bills advance to the Senate. Market data from CoinGecko, CoinMarketCap, and TradingView confirms the $4 trillion valuation, positioning the crypto market just behind Nvidia among global asset classes.