Ethereum exceeds $ 4,000, as the encryption market rises to the highest new level ever
The encryption markets maintain a roar. The total market value of all cryptocurrencies has achieved the highest new level ever at about $ 4.15 trillion early on Monday morning, according to Coingecko data. This surpasses the last recorded record in late July. The total value of the encryption market has decreased since then, but still reaches approximately 0.6 % over the past 24 hours.
Among the upper symbols, Ethereum is the largest winner. The second largest cryptocurrency in the world crossed the threshold of $ 4000 during the weekend for the first time since December. The distinctive symbol has increased more than 2 % in the past 24 hours and is now trading by about 4,300 dollars, according to the data from Binance.
The increase of Ethereum Bitcoin’s exceeds, but the largest encrypted currency in the world is still 1.4 % over the past day to cross the mark of $ 120,000, each. Binance. The stock markets are mainly flat, with a slightly S&P height since Monday morning.
The increase in the digital assets market comes in two of friendly executive requests for encryption by President Donald Trump.
On Thursday, the forty -seventh president issued instructions to federal organizers to reassess their guidance on alternative assets allowance such as encryption or private shares in the pension plans sponsored by the employer.
The procedure mainly re -issued a similar thing to Trump in 2020 during his first term. When President Joe Biden took office, he declined the executive order and asked the agencies to be more cautious than private investments flowing to retirement accounts.
However, encryption analyzes Be praised The executive matter last week as a possible sudden industry. The total assets in 401 (K) reached $ 8 trillion in the first quarter of 2025, according to L. Institute of Investment Company.
On the same day that Trump 401 (K) is likely to blow into encryption, he also took another problem in the digital asset industry. In an executive matter, it is directions Financial institutions to stop the practice of “Debanking” for customers based on their policies, religious beliefs or business activities.
The encryption industry has long encouraged banks to close their accounts, and some claimed that there is a central plot, known as Operation CokkePoint 2.0, to deprive encrypted companies from accessing traditional financial institutions. However, there was no smoking rifle, or separate instructions from the organizers who ordered banks to stop working with encryption companies.
Regardless, industry defenders chanted the President’s order on Debanking.
“Countepoint 2.0 was real”, Paul Ghrouwal, chief legal official in coding exchanging Coinbaseand to publish Thursday x. “Now we see a real measure to repair it.”
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