Recent legislative changes in the U.S. have led to a significant rise in cryptocurrency markets, hitting an all-time high capitalization of $4 trillion.
Crypto Market Reacts to Legislative Changes
The recent executive order by U.S. President Donald Trump permitting 401(k) plans to invest in cryptoassets became a key factor in the market's growth. Investors perceived this as a move towards mainstream acceptance of digital assets.
Increased Interest in Bitcoin and Ethereum
Bitcoin and Ethereum have gained attention from investors, with increased inflows into ETFs based on these cryptocurrencies. Data shows that the total cryptocurrency market capitalization reached record highs, significantly impacting the overall market trend.
Top Stories from the Crypto Industry this Week
Throughout the week, significant events occurred, such as the joint filing by SEC and Ripple, concluding their five-year legal battle. Additionally, SharpLink Gaming raised $200 million to bolster its Ethereum treasury. These events influenced the market, contributing to price increases for related assets.
In light of legislative changes and significant events within the crypto industry, the market continues to grow, attracting a larger number of investors and reaching historically high capitalization figures.
