The total valuation of the cryptocurrency market in the United States has surged past the $4 trillion mark, propelled by decisive bipartisan legislative action and significant institutional inflows.
The milestone follows the passage of both the GENIUS Act and the CLARITY Act by the U.S. House of Representatives. Garnering broad bipartisan support, this legislative package has significantly boosted investor confidence, removing key uncertainties surrounding digital asset regulation.
Bitcoin (BTC) and Ethereum (ETH) continue their market dominance, collectively accounting for over 70% of the total market capitalization. Bitcoin briefly soared above $120,000, while Ethereum climbed beyond $3,600 per token.
Institutional participation reached unprecedented levels following the House vote. Daily inflows into U.S. spot Bitcoin ETFs hit a record $522 million on the voting day, contributing to massive inflows exceeding $4 billion over a two-week period.
Ethereum also saw substantial momentum, with its market dominance climbing from 9% to 11%. This rise was bolstered by a significant $726 million inflow into Ethereum-focused exchange-traded funds in a single trading session.
This legislative breakthrough, coupled with robust institutional engagement, signals a maturation of the cryptocurrency market. However, analysts caution that profit-taking and market consolidation could emerge after this powerful upward trajectory.