Crypto Market Flips Microsoft (MSFT) With $4T Milestone Amid GENIUS Act, 401K Crypto Investments
Highlights
- Crypto market has added $700 billion since beginning of July and on verge to overtake Nvidia soon.
- Passing of key legislation like the GENIUS and CLARITY Acts has been major catalyst for digital assets rally.
- U.S. President Donald Trump is set to sign an executive order allowing 401(k) retirement funds to invest in crypto.
The broader crypto market has hit the $4 trillion milestone for the first time with another 4% gains in the last 24 hours, overtaking tech giant Microsoft (MSFT) in the recent rally. Since the beginning of July, the market has added $700 billion to investors’ wealth amid the recent passing of GENIUS Act, CLARITY Act, etc.
Additionally, US President Donald Trump is soon to sign an executive order allowing the $9 trillion 401 (k) retirement market to gain exposure to crypto. As Bitcoin price remains firm above $120,000, Ethereum (ETH) leads altcoin rally with 8% upside, while XRP price hits new all-time high with another 18% gains.
Will Crypto Market Overtake NVIDIA By July End?
The crypto market has been on an unprecedented rally since mid-April, and has added more than $1.6 trillion to its market cap since the Trump Liberation Day. This massive rally continues as the US House finally passed the landmark crypto bills on Thursday aka GENIUS Act and Clarity Act, after a brief rejection earlier this week. The bill will now head to US President Donald Trump’s Oval Office desk for final signing into law.
Following this historic rally, the cryptocurrency market is less than 5% from overtaking the largest global firm Nvidia (NASDA: NVDA), which is currently at $4.2 trillion of market cap. If the market optimism and rally continue from here at this pace, it could overtake Nvidia by July-end.
Amid the current rally, nearly $600 million has been liquidated from the cryptocurreny market in the last 24 hours, of which $380 million is in short liquidations, per the Coinglass data. While Bitcoin price remains steady at $120,000, the altcoin market is showing massive strength, supported by rallies in ETH, XRP, SOL, BNB, DOGE, all up anywhere between 5-10%.
Additionally, inflows into spot Bitcoin ETFs, and spot Ethereum ETFs have shot significantly, suggesting greater institutional appetite for digital assets. The world’s largest asset manager, BlackRock, is leading the crypto ETF market. Moreover, expectations are growing that the US SEC would approve XRP ETF, SOL ETF, etc. by the year-end.
GENIUS Act, CLARITY Act 401K Crypto Investments Could Be Key Catalyst Ahead
With the crypto bill CLARITY Act aka the crypto market structure act, now becoming a reality, analysts are now eyeing greater regulatory clarity in the crypto space. Furthermore, lawmakers have also signed the anti-CBDC law, suggesting that it won’t serve as a barrier for the crypto market from here onwards.
The passing of the GENIUS Act could lead to major institutions racing for a share in the stablecoin market, expected to grow to $3.7 trillion by 2030. Another major liquidity driver for digital assets is US President Donald Trump signing an executive order to allow 401K retirement funds to invest in crypto.
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