The crypto market hit a major milestone, topping $4 trillion in total value for the first time.
Data from CoinGecko confirm the surge, which reflects how far the space has come from a volatile, speculative niche to a growing fixture in global finance.
The milestone comes in the backdrop of a major regulatory progress in the US as the country has passed a federal bill focused on stablecoins, with bipartisan backing.
President Donald Trump signed the measure into law, putting clear rules around dollar-pegged tokens, a market already worth $265 billion. Some analysts think that number could grow to $3.7 trillion by the end of the decade.
‘Crypto Week’ boost
What’s being called “Crypto Week” on Capitol Hill gave the market a major boost, bringing a sense of clarity and legitimacy that’s been missing for years.
Lawmakers aren’t stopping at stablecoins, either. Other bills aimed at broader crypto regulation, and even one that would block the launch of a US central bank digital currency, are moving through Congress.
It’s a sharp departure from the years of mixed signals and regulatory confusion that have defined US crypto policy until now.
From Bitcoin to altcoins: Major highlights
But this breakout wasn’t just about Bitcoin. Sure, it hit a new all-time high of $123,205 earlier this week and still dominates around 60% of the total crypto market cap, but the real momentum came from altcoins.
Ethereum jumped more than 20% this week, climbing past $3,600 and edging closer to the $4,000 mark. Dogecoin spiked nearly 15% in a single day.
Solana, XRP, and Uniswap also saw strong double-digit gains, with Uniswap shooting up by as much as 24% on Friday.
Investor appetite is clearly back. US-listed crypto ETFs brought in big numbers this month. Bitcoin funds drew $5.5 billion in July alone, while Ether ETFs added another $2.9 billion.
Everyone’s getting in on the action, financial institutions, mutual funds, and even everyday investors. Recent reports point to strong inflows into crypto-focused funds and portfolios, driven by growing confidence in the regulatory outlook.
There’s even talk that crypto could soon make its way into 401(k) retirement plans, a possibility that’s gained traction following the latest legislation.
If that happens, it could open the floodgates to a whole new wave of mainstream adoption.
This latest milestone really highlights how far crypto has come. What started as a fringe experiment is now a multi-trillion-dollar asset class that’s not only grabbing the attention of Wall Street but also Capitol Hill.
With lawmakers, regulators, and major institutions now fully in the mix, the path forward will likely be bumpy at times.
But one thing’s clear: crypto is becoming more deeply woven into the fabric of the global financial system.
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