Crypto Market Hits $4 Trillion After US Legislation

The global cryptocurrency market has surpassed $4 trillion in capitalization, marking a historic milestone amid rallies in Bitcoin, Ethereum, and XRP. Ethereum reached a six-month high above $3,600 on the back of substantial institutional buying by firms like BlackRock and World Liberty Financial, while XRP surged to a record $3.65 and became the third-largest cryptocurrency by market cap, overtaking USDT. The rally was catalyzed by President Trump signing the GENIUS Act into law, a landmark U.S. regulation that legitimizes stablecoins and provides clear legal guidelines for the sector. Massive inflows into crypto ETFs have driven further momentum, with Bitcoin and Ethereum funds attracting billions in July. Shares of Coinbase have hit all-time highs as the platform benefits from new legislative clarity and launches new consumer products. Analysts caution that, despite the optimism, investors should be wary of entering at peak prices and consider prudent profit-taking.