Bitcoin News Today: Crypto Market Surges 4.50% to $3.95 Trillion Driven by XRP Bitcoin Ethereum

The cryptocurrency market has experienced a significant surge, with its market capitalization increasing by approximately 4.50% over the past 24 hours, reaching nearly $4 trillion at $3.95 trillion. This surge is primarily driven by the price growth of XRP, Bitcoin, and Ethereum.

Bitcoin, the leading cryptocurrency, reached a high of $120,999 and a low of $117,508 within the intraday time frame. At the time of writing, it was trading at $120,546, reflecting an increase of 1.88%. Its market capitalization has reached $2.39 trillion, marking a 1.68% increase.

XRP, another major player, approached its all-time high of $3.84 within the past 24 hours, trading within the range of $3.13 to $3.65. Its market capitalization has reached $214.50 billion, indicating a 15.41% increase.

Ethereum also saw a notable rise, reaching $3,668 with an increase of approximately 8.50% in the most recent trading session. Its market capitalization has topped $441.56 billion, representing an 8.30% increase.

Market experts attribute the sudden uptick in market capitalization to the passage of three major crypto bills in the U.S. House. The Genius Act aims to bring transparency to stablecoins, the Clarity Act defines the classification of crypto assets, and the Anti-CBDC Act protects digital privacy. These developments mark a historic win for the cryptocurrency market in the United States, potentially paving the way for broader global acceptance.

These legislative milestones align with the campaign promises of President Trump to bolster digital currency in the United States. The regulatory clarity provided by these bills has made cryptocurrencies more reliable as an investment option. Analysts predict that the market could surpass $4 trillion by the end of the week and potentially reach even higher levels.

Looking ahead, analysts suggest that the market could continue to grow, with projections ranging from $4.3 trillion by the end of this quarter. This growth is contingent on sustained momentum, regulatory clarity, and macroeconomic factors such as global liquidity and ETF inflow.

According to the data, the crypto market volume has been peaking, reaching $225.19 billion at the time of writing. The crypto fear and greed index stood at 71, indicating a sense of greed in the market.

Bitcoin has been trading at $120,285, with a 1.37% increase over the past 24 hours and a 15% increase over the past month. Despite some volatility, with prices ranging from $117,000 to $122,000, there are no signs of consolidation in the near future, which could push BTC above $125,000.

The list of intraday gainers is topped by Lido DAO, followed by Uniswap, Hedera, Cronos, Ethereum Classic, Dogecoin, Flare, XRP, Cardano, Chainlink, and Mantle.