Crypto Market Surges 100% to $4 Trillion as Altcoins Soar and US Approves Key Bills

The global cryptocurrency market is experiencing a significant bull run, with the total capitalization surpassing the $4 trillion mark. This surge is primarily driven by the strength of various altcoins, with XRP leading the charge by breaking its all-time high above $3.60. Ethereum (ETH) has also seen substantial gains, trading near $3,600 after an 8% increase in the past 24 hours. Bitcoin, the flagship cryptocurrency, has surpassed the $120,000 barrier, further fueling the market's upward momentum.

The rally in the crypto market is bolstered by significant legislative developments in Washington. The U.S. House of Representatives has approved three critical crypto bills, including the GENIUS Act, which focuses on regulating stablecoins. These measures, along with key provisions already passed by the Senate, are now on their way to President Trump’s desk for final approval. This legislative progress is expected to provide a more stable regulatory environment for the crypto industry, potentially attracting more institutional investors and further driving market growth.

The approval of these bills is a significant milestone for the crypto industry, as it marks a shift towards greater regulatory clarity and acceptance. The GENIUS Act, in particular, aims to establish a comprehensive framework for stablecoins, which are digital assets pegged to the value of a fiat currency or other assets. This regulation is crucial for ensuring the stability and security of stablecoins, which are widely used for transactions and as a store of value.

The legislative developments in Washington are not the only factors contributing to the current bull run. The market is also benefiting from increased adoption and integration of cryptocurrencies into mainstream financial systems. As more businesses and individuals recognize the potential of digital assets, the demand for cryptocurrencies continues to rise, driving up their prices.

The surge in the crypto market is a testament to the growing acceptance and integration of digital assets into the global financial system. As the regulatory environment becomes more favorable and the adoption of cryptocurrencies continues to increase, the market is poised for further growth. Investors and enthusiasts alike are closely monitoring these developments, as they could have significant implications for the future of the crypto industry.