Crypto Market Reaches $4 Trillion, Rivaling Nvidia as Major Asset Class

The global cryptocurrency market reached $4 trillion in value on July 17. Bitcoin, Ether, and XRP led the gains that pushed the market to this new high.

Different tracking platforms recorded slightly different numbers. CoinGecko showed the market crossing $4 trillion, while CoinMarketCap peaked at $3.8 trillion and TradingView reached $3.9 trillion. The crypto market now sits just below Nvidia’s $4.2 trillion valuation, making it comparable to the world’s largest public company.

Bitcoin climbed back toward $120,000, helping drive the overall market growth. Ether broke above recent highs, and XRP traded well above previous peaks. Smaller tokens also gained as traders moved money across different cryptocurrencies.

Institutional investors added $4 billion to crypto spot ETFs so far this year. While retail investors still make up most of the market activity, ETF inflows show growing interest from larger investment firms.

The U.S. House passed three major crypto bills this week, including the GENIUS Act on stablecoins. These legislative developments added to investor confidence about clearer rules for the industry.

The crypto market previously peaked at $3.73 trillion in December 2024. A recent rally across major assets and smaller tokens helped drive the industry to a new record, far from the early days when the total value was measured in just billions rather than trillions.

The regulatory progress in Washington provided additional support for prices. Investors have been watching for clearer rules from U.S. lawmakers, and the recent House votes represented concrete progress on crypto legislation.