Bitcoin May Surpass Amazon Market Cap Amid Optimistic Regulatory Outlook During US Crypto Week

Key Points

1. Bitcoin's market cap reaches $2.4 trillion, overtaking Amazon, signaling broader acceptance as a legitimate investment vehicle.

2. Institutional players like BlackRock and MicroStrategy are key drivers of Bitcoin's momentum.

3. The Digital Asset Market Clarity (CLARITY) Act and the GENIUS Act mark a turning point for crypto regulation and stablecoin legitimacy.

4. Grayscale's confidential IPO filing highlights the growing maturity of crypto-focused financial firms.

5. Decentralized exchanges (DEXs) see a 25% increase in trading volumes, while centralized exchanges (CEXs) decline by 28%.

6. Bitcoin-based DeFi (BTCFi) protocols grow from $304 million to over $7 billion in TVL, though trust and security remain challenges.