Crypto Market Hits $4T, Surpasses Microsoft Amid GENIUS Act

Crypto Market Hits $4T, Surpasses Microsoft Amid GENIUS Act

The broader cryptocurrency market has reached $4 trillion for the first time, with another 4% rise in the previous 24 hours, surpassing tech giant Microsoft (MSFT) in the current run. Since the beginning of July, the market has increased investors’ wealth by $700 billion as a result of the recent passage of the GENIUS Act, CLARITY Act, and other legislation.

Trump Administration Fuels Crypto Growth

Additionally, US President Donald Trump is expected to sign an executive order permitting exposure to bitcoin in the $9 trillion 401(k) retirement market. As Bitcoin maintains a steady price above $120,000, Ethereum (ETH) leads the altcoin rally with an 8% increase, while XRP achieves a new all-time high with an additional 18% gain.

GENIUS Act and CLARITY Act Drive Legislative Momentum

The cryptocurrency market has been on a historic rise since mid-April, adding more than $1.6 trillion to its market capitalization since Trump Liberation Day. This big bounce continued on Thursday, when the US House passed the major cryptocurrency measures known as the GENIUS Act and Clarity Act, following a temporary rejection earlier this week. The bill will now be sent to US President Donald Trump’s Oval Office desk for final approval.

Crypto Market Eyes Nvidia’s $4.2 Trillion Market Cap

Following this historic run, the cryptocurrency market is less than 5% away from eclipsing the world’s largest corporation, Nvidia (NASDAQ: NVDA), which has a market capitalization of $4.2 trillion. If market optimism and the rally continue at this rate, it may surpass Nvidia by the end of July.

According to Coinglass statistics, approximately $600 million of cryptocurrency has been liquidated in the previous 24 hours, including $380 million in short liquidations. While the price of Bitcoin stays stable around $120,000, the altcoin market is booming, thanks to rallies in ETH, XRP, SOL, BNB, and DOGE, all of which are up between 5 and 10%.

Furthermore, inflows into spot Bitcoin ETFs and spot Ethereum ETFs have increased dramatically, indicating a growing institutional appetite for digital assets. The largest asset manager in the world, BlackRock, is at the forefront of the bitcoin ETF market.

Anticipation Builds for More Crypto ETFs

Furthermore, there is rising anticipation that the US Securities and Exchange Commission will approve XRP ETF, SOL ETF, and other offerings by the end of the year. The crypto bill, the CLARITY Act, also known as the crypto market structure act, is now a reality, and experts are looking for increased legal clarity in the crypto industry. Furthermore, lawmakers have signed the anti-CBDC bill, implying that it would no longer be a barrier to the crypto sector moving forward.

The passage of the GENIUS Act may result in significant institutions competing for a part of the stablecoin market, which is anticipated to rise to $3.7 trillion by 2030. Another big liquidity driver for digital assets is US President Donald Trump’s executive order allowing 401K retirement funds to participate in cryptocurrency.

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