Crypto Market Cap Reaches $3.22 Trillion as XRP Leads Major Gains
The global crypto market cap rose 2% to $3.22 trillion, with XRP climbing 12% and several altcoins posting double-digit gains. The move came alongside fresh institutional activity, Japan policy comments, and renewed attention on crypto security incidents.
What happened?
The global crypto market cap rose 2% to $3.22 trillion, with XRP climbing 12% and several altcoins posting double-digit gains. The move came alongside fresh institutional activity, Japan policy comments, and renewed attention on crypto security incidents.
Why it matters
The global crypto market cap rose another 2% to $3.22 trillion as major assets continued to move higher. Bitcoin was up 1% at $93,780, Ethereum gained 2% to $3,240, and Solana rose 3% to $139. XRP led the larger tokens with a 12% increase to $2.37, while RENDER and SUI each gained 18% and LIT advanced 15% among the top movers.
The global crypto market cap rose another 2% to $3.22 trillion as major assets continued to move higher. Bitcoin was up 1% at $93,780, Ethereum gained 2% to $3,240, and Solana rose 3% to $139. XRP led the larger tokens with a 12% increase to $2.37, while RENDER and SUI each gained 18% and LIT advanced 15% among the top movers.
The rally matters because it came alongside a series of institutional and policy developments that point to crypto’s growing presence in mainstream finance. Bank of America formally launched crypto recommendations for wealth clients, including portfolio allocations of up to 4%, while Morgan Stanley filed for a Solana Trust with the SEC.
Equity market coverage of crypto firms also shifted. Goldman Sachs upgraded Coinbase to a “Buy” rating while downgrading eToro, underscoring how traditional financial analysts are continuing to differentiate between publicly traded companies tied to the digital asset sector.
In Japan, the finance minister endorsed deeper crypto integration, including lower taxes and reforms at the exchange level. Separately, Ethereum co-founder Vitalik Buterin said Ethereum has effectively solved the “blockchain trilemma” by using its Layer-2 roadmap to balance decentralization and scalability.
Security concerns remained part of the backdrop. Kraken is investigating reports that customer data is allegedly being offered for sale on the dark web following a potential exploit, while Ledger users are on alert after a breach involving e-commerce partner Global-E exposed customer contact details.