On August 8, 2025, the crypto market showcases a significant growth, adding $113 billion to its total value and reaching $3.87 trillion due to major news.
Major Market Events
Currently, Bitcoin is trading at $116,700, XRP is up 12% to $3.33, and Ethereum is nearing the $4,000 mark. Overall trading activity rose by 44%, reaching $180.95 billion.
Impact of Political Decisions
The price increases in cryptocurrencies are linked to recent decisions, including President Trump’s order allowing incorporation of crypto in 401(k) plans. His appointment of Stephen Miran, a Bitcoin supporter, to the Federal Reserve also boosts investor confidence.
General Trends and Projections
The 12% rise of XRP and the conclusion of Ripple’s legal battle with the SEC provide additional market confidence. Indicators show an 89.4% likelihood of a Fed rate cut, making investments in crypto more appealing.
Considering the current factors, including the legitimization of cryptocurrency supported by governmental economic decisions and the activity of major market players, experts predict that cryptocurrencies could continue their upward trend.
