- Global cryptocurrency market capitalization has surpassed $4 trillion for the first time.
- Bitcoin‘s price is nearing $120,000, and Ethereum is trading above $3,500.
- The market rally follows a shift to a more favorable U.S. political and regulatory environment, including recent crypto legislation.
- Options traders are increasingly betting that Bitcoin could reach over $130,000 by September 1.
- In the past three months, Bitcoin’s price has risen by nearly 39%.
The combined market capitalization of all cryptocurrencies worldwide has exceeded $4 trillion, according to CoinGecko data. The new record comes as major digital assets continue to rally and investor optimism grows.
Bitcoin leads the market, recently climbing close to $120,000. Ethereum has also reached above $3,500, its highest point so far this year. Other prominent cryptocurrencies including XRP and Solana have climbed, contributing to a leading index of major crypto prices rising 35% over the last month.
Industry data shows that the total crypto market cap previously set a record at $3 trillion in November 2021. That milestone was driven by pandemic-fueled trading and broad investor activity. The current rally is occurring alongside what many see as a more supportive U.S. regulatory environment. Investors believe digital assets could benefit from deregulatory policies under President Donald Trump’s administration. The passage of the GENIUS Act, recent cryptocurrency legislation in Congress, has further boosted market sentiment.
Some analysts note that there is strong optimism surrounding Bitcoin, with many options traders betting that the token’s price could exceed $130,000 by September 1. In the past twelve weeks, Bitcoin has gained 38.7%, according to three-month performance data.
Most traditional Wall Street firms do not issue official ratings or price targets on cryptocurrencies like Bitcoin. However, performance indicators and rising trading volumes reflect increased investor attention. Cryptocurrency refers to digital or virtual currencies that use cryptography for security and typically operate on decentralized networks like blockchain.
The recent surge follows earlier years of volatility, when digital currencies saw rapid price swings and market corrections. The potential for further gains remains uncertain, but current trading activity signals sustained interest in the sector.
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