Latest news with #CoinGecko
Express Tribune
an hour ago
- Business
- Express Tribune
Crypto breaches $4tr in market value
Listen to article The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape. A wave of renewed optimism, regulatory clarity in key markets and rising institutional flows have catapulted the crypto sector to a new valuation peak. The US House of Representatives passed a bill on Thursday to create a regulatory framework for US dollar-pegged cryptocurrency tokens, known as stablecoins, sending the bill to President Donald Trump, who was expected to sign it into law. "The arrival of the Trump legislation signalled an about-turn in attitudes towards the crypto industry, but legislators are still exercising some caution," said Derren Nathan, Head of Equity Research at Hargreaves Lansdown. House lawmakers also passed two other crypto bills, sending them next to the Senate for consideration. One lays out a regulatory framework for crypto, while the other seeks to ban the US from issuing a central bank digital currency. The $4 trillion milestone underscores how far the crypto industry has come from its speculative, fringe origins. With growing interest from asset managers, new exchange-traded products and broader adoption among retail and corporate users, digital assets are increasingly shaping conversations in global finance. Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens. Their use has grown rapidly in recent years and proponents say they could be used to send payments instantly. "The Genius Act will go down in history as a law that served as a foundational step in mainstreaming of crypto as an asset class," said Chris Perkins, President of CoinFund. Corporate treasury allocations to bitcoin are also gaining pace, with a growing number of public companies adding the token to their balance sheets as a long-term store of value.
Qatar Tribune
8 hours ago
- Business
- Qatar Tribune
Crypto sector breaches $4 trn in market value
Agencies New York The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape. A wave of renewed optimism, regulatory clarity in key markets and rising institutional flows have catapulted the crypto sector to a newvaluation peak. The US House of Representatives passed a bill on Thursday to create a regulatory framework for US-dollar-pegged cryptocurrency tokens, known as stablecoins, sending the bill to President Donald Trump, who is expected to sign it into law. 'The arrival of the Trump legislation signaled an about-turn in attitudes towards the crypto industry, but legislators are still exercising some caution,' said Derren Nathan, head of equity research, Hargreaves Lansdown. House lawmakers also passed two other crypto bills, sending them next to the Senate for consideration. One lays out a regulatory framework for crypto, while the other seeks to ban the US from issuing a central bank digital currency. The $4 trillion milestone underscores how far the crypto industry has come from its speculative, fringe origins. With growing interest from asset managers, new exchange-traded products and broader adoption among retail and corporate users, digital assets are increasingly shaping conversations in global finance. Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens. Their use has grown rapidly in recent years, and proponents say they could be used to send payments instantly. 'The Genius Act will go down in history as a law that served as a foundational step in mainstreaming of crypto as an asset class,' said Chris Perkins, president, CoinFund. Corporate treasury allocations to bitcoin are also gaining pace, with a growing number of public companies adding the token to their balance sheets as a long-term store of value. The sector was last trading at a combined market value of $3.92 trillion, as bitcoin — the world's largest cryptocurrency — fell 1.8 percent. Bitcoin crossed the $120,000 mark earlier this week, setting a record. Brokerage Bernstein forecast it could climb to $200,000 by end-2025. Ether, the second-biggest crypto token was last up 4.5 percent. It has more than doubled over the past three months. The crypto rally also powered gains in linked equities, with Coinbase and Robinhood climbing to all-time highs on Friday. Shares of the crypto exchange were last up 1 percent, while the retail trading platform, which also supports crypto trades, gained 3percent.
Business Insider
10 hours ago
- Business
- Business Insider
BTC, XRP, SOL: Cryptocurrency Market Cap Surpasses $4 Trillion
The market capitalization for all the cryptocurrencies in the world has surpassed $4 trillion for the first time, according to data from CoinGecko. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The milestone has been reached as Bitcoin (BTC), the largest digital asset by market cap, continues to rally alongside smaller cryptocurrencies such as Ethereum (ETH), XRP (XRP) and Solana (SOL). A leading index that tracks the price movements of major cryptocurrencies has risen 35% in the past month. Ethereum is currently trading above $3,500, its highest level since the start of the year, while Bitcoin's price is back near $120,000. Crypto's market cap surpassed $3 trillion for the first time in November 2021, marking the peak of a pandemic-fueled rally driven by loose monetary policy and speculative mania. Favorable Environment Now, crypto has hit the $4 trillion milestone as investors turn bullish on digital assets amid a favorable political and regulatory environment under U.S. President Donald Trump. Trump's re-election has sparked investors' risk appetite as people bet on deregulatory crypto policies in Washington, D.C. Investor spirits are especially high after the recent passage of the GENIUS Act cryptocurrency legislation in Congress. Some analysts say that the top for BTC is nowhere near, and a growing number of options traders are betting that Bitcoin's price will exceed $130,000 by Sept. 1 of this year. Is BTC a Buy? three-month performance. As one can see in the chart below, the price of BTC has risen 38.70% in the last 12 weeks.
Yahoo
21 hours ago
- Business
- Yahoo
Bitcoin, Ethereum, XRP Lead Crypto Market Cap Rebound Above $4 Trillion
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The total cryptocurrency market capitalization has exceeded $4 trillion, led by strong price movements in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: ETH), according to CoinGecko's 2025 Q2 report. What Happened: Bitcoin accounts for 59.9% of the market and Ethereum 10.8%, according to the report. XRP has also emerged as a top performer. The asset has surged past $3.60, lifting its market capitalization above $210 billion and positioning it as the third-largest cryptocurrency. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — On South Korea's leading exchange Upbit, XRP/KRW trading volume reached $2.2 billion in the last 24 hours, representing 33% of the platform's total volume. This spike reflects the broader pattern of intense retail trading activity in Korea, where XRP has historically enjoyed strong investor interest due to its low unit price, high volatility, and familiarity among local traders. Korean markets often exhibit concentrated volume around select tokens, and XRP has consistently been one of the top-traded assets in the region. The recent price surge likely triggered momentum-based buying, further amplified by Upbit's KRW pairs, which offer direct fiat access, a key factor in Korea's retail-driven market structure. 'This quarter shows a market that's recovering in value but shifting in structure,' the CoinGecko report stated. 'Spot volumes on centralized exchanges are down, while DEX activity continues to climb.' Why It Matters: The report highlights a 24% increase in total market value for Q2, with $663.6 billion in recovered capital bringing the market to $3.5 trillion by the end of June. Continued price appreciation in early Q3 has now propelled the total to over $4 trillion. "Capital flowed overwhelmingly into BTC," the report noted, "pushing its market dominance past 62%, while altcoins struggled to regain momentum." Despite the altcoin weakness, Ethereum was the only top-7 non-BTC asset to post a gain in decentralized exchanges posted their strongest quarter yet. Spot DEX trading volume grew 25.3% quarter-on-quarter to $876.3 billion, pushing the DEX-to-CEX volume ratio to an all-time high of 0.23. PancakeSwap (CRYPTO: CAKE) emerged as the largest DEX, capturing 45% of Q2 trading volume after Binance Alpha began routing trades through its liquidity pools. Perpetual trading on decentralized platforms also reached record highs. Hyperliquid (CRYPTO: HYPE) accounted for 72.7% of DEX perp volume, registering $653.2 billion in Q2. The total for all decentralized perp platforms stood at $898 billion. Adding to market momentum was Circle's (NYSE:CRCL) IPO, which was oversubscribed 25 times. The stock debuted at $31 and peaked at $298.99 within weeks. "The price action of CRCL post-IPO was extremely volatile," the report noted, but it ended the quarter as a bellwether for crypto-equity crossovers. What's Next: Despite the broader market rebound, centralized exchange activity lagged. Spot trading volume across major CEXes fell by 27.7% to $3.9 trillion in Q2, with Binance remaining the top platform despite declining volumes. 'The data signals more than just recovery,' CoinGecko wrote. 'It reflects a deepening shift toward decentralization in both infrastructure and trading behavior.' Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Bitcoin, Ethereum, XRP Lead Crypto Market Cap Rebound Above $4 Trillion originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
a day ago
- Business
- Business Recorder
Crypto sector breaches $4 trillion in market value during pivotal week
The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape. A wave of renewed optimism, regulatory clarity in key markets and rising institutional flows have catapulted the crypto sector to a new valuation peak. The U.S. House of Representatives passed a bill on Thursday to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens, known as stablecoins, sending the bill to President Donald Trump, who is expected to sign it into law. 'The arrival of the Trump legislation signaled an about-turn in attitudes towards the crypto industry, but legislators are still exercising some caution,' said Derren Nathan, head of equity research, Hargreaves Lansdown. House lawmakers also passed two other crypto bills, sending them next to the Senate for consideration. One lays out a regulatory framework for crypto, while the other seeks to ban the U.S. from issuing a central bank digital currency. The $4 trillion milestone underscores how far the crypto industry has come from its speculative, fringe origins. With growing interest from asset managers, new exchange-traded products and broader adoption among retail and corporate users, digital assets are increasingly shaping conversations in global finance. How Dubai intends to become the 'capital of crypto' Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens. Their use has grown rapidly in recent years, and proponents say they could be used to send payments instantly. 'The Genius Act will go down in history as a law that served as a foundational step in mainstreaming of crypto as an asset class,' said Chris Perkins, president, CoinFund. Corporate treasury allocations to bitcoin are also gaining pace, with a growing number of public companies adding the token to their balance sheets as a long-term store of value. The sector was last trading at a combined market value of $3.92 trillion, as bitcoin — the world's largest cryptocurrency — fell 1.8%. Bitcoin crossed the $120,000 mark earlier this week, setting a record. Brokerage Bernstein forecast it could climb to $200,000 by end-2025. Ether, the second-biggest crypto token, was last up 4.5%. It has more than doubled over the past three months. The crypto rally also powered gains in linked equities, with Coinbase and Robinhood climbing to all-time highs on Friday. Shares of the crypto exchange were last up 1%, while the retail trading platform, which also supports crypto trades, gained 3%. Ether-focused stocks also saw broad gains.
