The total cryptocurrency market valuation is nearing the $4 trillion mark, propelled by a daily rise in Bitcoin, Ether, XRP, and various other cryptocurrencies as three significant crypto legislations were approved in the US House.
A market capitalization of $4 trillion would position cryptocurrencies just behind Nvidia, the largest publicly traded company globally, which first achieved a $4 trillion valuation on July 9 and is currently valued at $4.2 trillion.
According to Binance-owned CoinMarketCap, peak cryptocurrency market valuation figures stand at $3.8 trillion, while TradingView reports the number at $3.9 trillion, surpassing the previous peak of $3.73 trillion observed in December.
Nevertheless, some monitors such as CoinGecko have indicated that cryptocurrency market capitalization has already surpassed the milestone.
JUST IN: The cumulative crypto market cap has achieved a new ATH of $4T. pic.twitter.com/gE8hRFegwz
— CoinGecko (@coingecko) July 18, 2025
ETH and XRP propelling market growth
Bitcoin (BTC) exceeded $120,000 again on Thursday following a slight daily increase, while Ether (ETH) and XRP (XRP) are soaring after the US House approved three essential crypto bills ahead of the August recess.
Ether prices climbed 8% to surpass $3,600 for the first occasion since early January, resulting in a 40% increase for the asset over the past two weeks.
On the other hand, the Ripple cross-border token XRP surged nearly 20% during the day to a year-to-date peak of $3.64 during early trading on Friday.
Related: XRP is on the verge of hitting a $200B market cap for the first time; price approaches record
Further advancements anticipated, affirm analysts
“Investors are witnessing digital asset prices ascend thanks to regulatory and institutional backing,” remarked director at LVRG Research, Nick Ruck, speaking to Cointelegraph.
“We’re hopeful that this expansion will persist as institutions hasten efforts to integrate with the crypto sphere.”
Markets uplifted by US regulations
“Bitcoin and other digital currencies surged as traders adopted a risk-on mentality due to positive regulatory and institutional updates,” added Nassar Al Achkar, chief strategy officer at CoinW crypto exchange.
“The enactment of the GENIUS Act and Trump’s proposal to open the US retirement market to crypto investments could potentially unleash trillions in institutional funding.”
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