The global cryptocurrency market value crossed $4.4 trillion after a 16% quarterly gain, boosted by strong institutional participation. Bitcoin and Ethereum led the advance, supported by California’s SB 822 law that prevents forced liquidation of unclaimed digital assets. Analysts note that the regulation enhances investor security and signals greater state-level clarity. Renewed ETF approvals, higher trading volumes, and rising on-chain activity reinforced bullish momentum across altcoins, helping the asset class post its best quarterly performance since early 2021.