Crypto Market Capitalization Hits All-Time High of $4.03 Trillion
The total crypto market capitalization reached an all-time high of $4.03 trillion, driven by significant gains in Bitcoin and Ethereum. This surge is attributed to favorable regulatory developments in the US.
Pro-Crypto Regulations Fuel Market Optimism
- Ethereum surpassed $4,000 for the first time in nine months, now 13% shy of its all-time high of $4,878.
- The US passed the GENIUS Act, creating a better regulatory framework for stablecoins, enhancing market sentiment.
- Bitcoin approached its record high of $123,000 but did not exceed the critical $120,000 mark.
- Recent executive orders from President Trump are aimed at fostering a favorable environment for digital assets.
Ethereum Could Hit $8,000
- Trump's directives may allow crypto investments in employer-sponsored retirement plans, potentially benefiting the crypto industry.
- 401(k) assets totaled $8.7 trillion in Q1 2025, indicating substantial market potential.
- Ethereum outperformed peers with over 13% gains in the past week, while Cronos (CRO) led with an 18% rally.
- Analyst Doctor Profit suggests Ethereum's breakout above $4,000 could lead to a price target of $8,000, representing an 88% increase from its current price of $4,250.
