Crypto Market Cap Tops $4 Trillion as US Stablecoin Bill Passes

Bloomberg

07/18

The total market capitalization of cryptoassets surged past $4 trillion for the first time, driven by a rally in altcoins and momentum from a sweeping US legislative push to regulate the sector.The ...

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Bitcoin, the industry’s benchmark asset, hit a record $123,205 earlier this week. Uniswap surged 20% on Friday, while Solana gained 5.6%.Thursday also saw the House pass a broader crypto market structure bill, which now awaits Senate consideration.Investors have continued to flood into US-listed crypto ETFs. Bitcoin funds have attracted $5.5 billion in inflows so far in July, while Ether ETFs brought in $2.9 billion.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}