LA Total Market of Cryptocurrencies
The total market capitalization of cryptocurrencies has reached over $4 trillion for the first time ever, driven by strong movements in Bitcoin, Ethereum, and XRP.
Bitcoin surpassed $123,000 yesterday thanks to a massive buying wave following supportive U.S. legislation.
ETH, SOL, and XRP also recorded significant gains, particularly XRP, which approached its all-time highs.
The fear and greed indicators showed a state of greed with a reading of around 71 on the 'Fear & Greed' index.
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🏛️ Legislation and Regulatory Events
832-0The U.S. Congress passed the Genius Act to regulate Stablecoins, while the House of Representatives approved the CLARITY Act to regulate the digital asset market .
1058-0This is expected to lead to major institutions like JPMorgan, Citigroup, and BoA entering the market through independent stablecoin offerings .
1195-0President Trump expressed support for legislation that would allow the inclusion of cryptocurrencies in retirement funds and is considering issuing an executive order to achieve this .
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📊 Current Market Landscape
1358-0Platforms like CoinMarketCap and CoinGecko indicate that the global market is in the range of $3.9 to $4.0 trillion, with slight daily volatility, the disappearance of market movement distributions in DeFi, and the stability of Bitcoin's market dominance (~60%) #lagranger