#BinanceHODLerC The cryptocurrency rally maintains considerable strength.
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So far this Friday, the total capitalization of the crypto sector shows a growth of +1.54%. It is expected that in a few days, the $4 billion mark will be reached, as long as the current price performance is maintained. Considering the context, it can be said that the rally has enormous chances of continuing.
In fact, a large part of the community holds hope that the current conditions will lead to the anticipated altcoin season. According to the altcoin season index from BlockchainCenter, the score is getting closer and currently stands at 51 out of the 75 points needed for the season.
The power of the approval of crypto laws in the U.S. House of Representatives is enormous in the current context. The stablecoin law, GENIUS, which has already been approved by the Senate, is particularly significant and now awaits the signature of President Donald Trump. This law will allow stablecoins to be freely traded in the financial system.
In simple terms, the authorities of the world's leading economic power are granting legitimacy to a market worth over $260 billion. It is worth noting that stablecoins are not only pillars of the crypto world but also the gateway for millions of people into the digital currency market.
Thus, cryptocurrencies have much to celebrate following the approval of the aforementioned proposals in the U.S. House.
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