Why Crypto Is Going Up? Bitcoin, Ethereum, XRP and Dogecoin Prices Today Lead Broad Rally
The
cryptocurrency market is recording strong gains across major assets, with the
total market capitalization rising to about $3.88 trillion in the 24 hours to
early Friday, 8 August, 2025, up 2.8% from the prior day. Bitcoin continues to
hold a dominant share of nearly 60%, reflecting investor preference for
large-cap digital assets amid heightened trading activity.
This week’s
rally comes against the backdrop of significant macroeconomic and regulatory
developments in the United States. A newly signed executive order by President
Donald Trump allows cryptocurrencies to be included in 401(k) retirement plans,
a policy change that analysts say could unlock new sources of long-term
capital.
At the same
time, the nomination of Stephen…
