Crypto Market Surges to $4T, Eyes Nvidia’s $4.2T Cap After $700B Boom

The global crypto market has hit an all time high, passing $4 trillion with a 4% gain in 24 hours. This puts crypto above Microsoft’s...

Written by: Arslan Butt • Friday, July 18, 2025 • 1 min read

Last updated: Friday, July 18, 2025

Quick overview

The global crypto market has reached an all-time high of over $4 trillion, surpassing Microsoft's market cap.
Recent legislative wins, including the GENIUS Act and CLARITY Act, are boosting confidence in the crypto space.
Bitcoin remains steady above $120,000, with significant gains seen in Ethereum and XRP.
Institutional interest is rising, with record ETF inflows and potential changes allowing 401(k) investments in crypto.

The global crypto market has hit an all time high, passing $4 trillion with a 4% gain in 24 hours. This puts crypto above Microsoft’s market cap and below Nvidia’s $4.2 trillion valuation.

Since July, over $700 billion has been added to the crypto space. This comes with major legislative wins — the GENIUS Act and CLARITY Act — signaling a new era of recognition for digital assets in the US.

Bitcoin (BTC) is steady above $120,000, Ethereum (ETH) is up 8%, XRP has a new all time high up 18%, SOL, BNB and DOGE are up 5-10%.

Legislative Wins Give Market Confidence

Yesterday the US House passed two big bills — the GENIUS Act and the CLARITY Act — to create a stable regulatory framework for crypto. These bills were stalled and now head to Trump’s desk to sign. Once signed they will bring clarity to stablecoins, DeFi and market infrastructure.

And to top it off lawmakers passed an anti-CBDC bill, effectively blocking a government controlled digital currency that many saw as a threat to decentralized assets.

And Trump is expected to sign an executive order to allow the $9 trillion 401(k) retirement market to invest directly in crypto — a big deal that could bring huge institutional money.

Key Drivers of the Crypto Rally:

GENIUS Act: Stablecoin clarity and market legitimacy
CLARITY Act: Structure for crypto markets
Executive Order: 401(k) investments in crypto
Anti-CBDC Law: Preserves crypto independence

ETF Inflows and Nvidia in Sight

According to Coinglass, $600 million in crypto positions were liquidated in the last 24 hours, $380 million of those were short positions — a sign of extreme bullishness.

Spot Bitcoin and Ethereum ETFs are seeing record inflows with BlackRock leading the charge. This means institutional interest in crypto is growing and XRP and SOL ETFs by year end.Crypto could be above Nvidia by the end of the month.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Open a FREE Trading Account

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.