Crypto Market Cap Nears $4 Trillion, Just Behind Nvidia

Crypto Market Soars to Record High

The total cryptocurrency market capitalization is now hovering close to $4 trillion, powered by a fresh surge in Bitcoin, Ether (ETH), and XRP prices. The rally comes as three major crypto bills passed in the U.S. House, signaling stronger regulatory clarity and institutional confidence.

A $4 trillion market cap places crypto just behind Nvidia, which recently became the world’s most valuable publicly listed company with a valuation of $4.2 trillion.

• CoinMarketCap: $3.8 trillion

• TradingView: $3.9 trillion (new all-time high)

• CoinGecko: Reports the milestone already crossed

This surpasses the previous market peak of $3.73 trillion in December.

Total market capitalization hits peak levels. Source: Tradingview 

ETH and XRP Drive Market Gains

• Bitcoin (BTC):

Trading at $120,597, up slightly on the day.

• Ethereum (ETH):

Jumped 8% to break $3,600 for the first time since January. ETH has gained 40% in the last two weeks.

• XRP:

Surged nearly 20% in 24 hours, hitting a year-to-date high of $3.64 in early Friday trading.

What’s Fueling the Surge?

Analysts attribute the bullish momentum to a mix of regulatory wins and institutional adoption:

• Three key crypto bills passed in the U.S. House before the August recess.

• GENIUS Act and Trump’s plan to open retirement markets to crypto could unlock trillions in institutional capital.

• Growing expectation of ETF-driven inflows and integration of digital assets into traditional finance.

“Traders see digital asset prices surge from regulatory and institutional support,” said Nick Ruck, director at LVRG Research.

“We’re optimistic that this growth will continue as institutions race to advance integration with the crypto industry,” added Nassar Al Achkar, CSO at CoinW.

Crypto vs. Big Tech

• Crypto Market Cap: ~$3.8–$4.0 trillion

• Nvidia: $4.2 trillion

• Apple: ~$3.3 trillion

• Microsoft: ~$3.4 trillion

Related: Bitcoin Wrench Attacks Surge as 2025 Sets New Record Pace