Crypto market cap nears $4T, just behind the biggest company in the world

Key Points

1. Total crypto market capitalization is close to $4 trillion, with some trackers reporting figures between $3.8 trillion and $3.9 trillion.

2. Ether and XRP are leading the market gains, with Ether rising 8% to $3,600 and XRP surging nearly 20% to $3.64.

3. The surge follows the US House passing three key crypto bills ahead of the August recess.

4. Bitcoin also saw gains, topping $120,000 again, though Ether and XRP outperformed.

5. Analysts suggest further gains are possible due to institutional developments and regulatory progress.