July was 🔥 for crypto! According to JPMorgan, the total market cap jumped 14% to $3.7 trillion, with $ETH stealing the show. While Bitcoin.
$BTC )added a steady 8%, Ethereum’s market cap exploded 49%—fueled by record inflows into $ETH spot ETFs and its dominance in stablecoin activity. 📈
U.S. spot ETH products saw $5.4B in net inflows, pushing total ETH ETF assets to $21.5B. BTC ETFs weren’t left behind, adding $6B and hitting $152B in AUM.
Trading volumes also went wild—ETH surged 60%, four times BTC’s growth. DeFi, NFTs, and ETPs all saw massive gains, riding the wave of bullish sentiment. 🌊
JPMorgan credits the rally to the GENIUS Act, fresh crypto IPO buzz, and stronger TradFi–DeFi partnerships. With momentum like this, the bank says the rally might just stick.
💬 Agree with JPMorgan? Or is this just a summer pump? Drop your take below! 👇
