Crypto hits $4 trillion milestone amid historic US policy shift
Main Idea
The crypto market reached a $4 trillion milestone amid significant US regulatory progress, with altcoins like Ethereum and Uniswap leading major price gains and increased investor interest.
Key Points
1. The crypto market hit a $4 trillion milestone, driven by regulatory progress in the US, including bipartisan-supported crypto legislation.
2. Altcoins such as Ethereum, Uniswap, Solana, and XRP saw strong double-digit gains, with Ethereum nearing $4,000 and Uniswap surging 24% in a day.
3. US-listed crypto ETFs attracted substantial investments, with Bitcoin funds drawing $5.5 billion and Ether ETFs adding $2.9 billion in July alone.
4. Lawmakers are advancing bills on broader crypto regulation, including one that could block a US central bank digital currency, marking a shift from past regulatory confusion.
5. The regulatory progress and market growth indicate crypto's increasing integration into mainstream finance, though challenges remain.
Description
The crypto market hit a major milestone, topping $4 trillion in total value for the first time. Data from CoinGecko confirm the surge, which reflects how far the space has come from a volatile, speculative niche to a growing fixture in global finance. The milestone comes in the backdrop of a major regulatory progress in
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