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The Crypto Market Reaches Record.
• The global crypto market capitalization reached $4.13 trillion (a 2.6% increase in 24h), breaking the previous record of $3.9 trillion
• Bitcoin is trading steadily between $121K and $122K, close to its all-time high
• The best-performing assets include ZRO (+29%), LISTA (+24%), and STG (+22%)
• Market growth accelerated from $3.72 trillion on August 7, showing a strengthening in momentum
Growth Drivers
• Regulatory tailwinds: SEC restructuring, the Genius Act for stablecoins, and inclusion in retirement plans
• Technical innovations: Treehouse DeFi protocols, Layer 2 solutions for Bitcoin gaining traction
• Institutional support: Continued inflows into ETFs provide price stability and legitimacy
• Multi-chain developments enhancing Web3 gaming and DeFi ecosystems
