Crypto Crosses $4T Milestone Thanks to Favorable Policies and Altcoin Frenzy-Fueled Rally
Crypto’s back on its favorite flight path: direct to the moon. The global cryptocurrency market capitalization smashed through the $4T barrier for the first time on Thursday, thanks to strong bullish momentum from the hype around “Crypto Week” and the passing of the “GENIUS Act”. Bitcoin commanded nearly 60% of that massive pile at $2.39T while altcoins had a rally that kept traders buzzing about “altcoin season.”
- Bitcoin is hovering around $118K, just shy of its all-time high, while altcoins are surging, with XRP setting a new record and Ethereum climbing past $3.6K to a 52-week high.
- BTC Markets analyst Rachael Lucas noted, “the next technical resistance lies near $4.5T,” and sustaining momentum will need continued ETF inflows and stable macroeconomic conditions.
Legislative fuel: Crypto’s rally may have room to run, as President Trump prepares to sign an executive order unlocking America’s $9T retirement savings market for alternative assets. The move is also a win for private capital giants like BlackstoneBX, ApolloAPO, and BlackRockBLK, which have long aimed to tap 401(k) money for growth. However, California representative Maxine Waters warned the order could lead to “consumer harm” and “plant the seeds for the next financial crisis,” noting Trump is writing rules that benefit his own family.