OR Total value of the market for cryptocurrencies overcame the 4 trillion dollars cFor the first time, thanks to rise of Altcoins and the adoption of the first federal bill on Stablecoins in the United States in order to have a sector regulation.
“Bitcoin’s march to $ 150,000 seems increasingly inevitable,” said Fadi Aboualfa, head of research at Copper. The original cryptocurrency accounts for about 60% of the total value of the digital market.
The legislation was approved in the context of the so -called “Crypto -Law Week” or “Crypto Week” in the American Congress and has the support of Republicans and President Donald Trump. The bill provides for state or federal supervision of the dollar stables, with the aim of legalizing a market for $ 265 billion, which Citigroup analysts predict that it could increase to $ 3.7 trillion by 2030.
Altcoins lead the rally, with Ether rising 22% in the last five days. Bitcoin reached a record level of $ 123,205 earlier this week. Uniswap rose up to 24% on Friday, while Solana won 6.5% at some point.
On Thursday, the House of Representatives also voted a broader bill on the structure of the cryptocurrency market, which will now be considered by the Senate.
Investors have continued to turn to ETF cryptocurrencies listed in the US. Bitcoin mutual funds have attracted inflows of $ 5.5 billion so far in July, while ETF Ether has generated $ 2.9 billion.
“Since the release of ETF Bitcoin, we have seen a steady pricing trend and the recent price increase is still in fact within the rules,” Aboualfa said. “If the current inputs continue – even during the usually sluggish summer season – we could see Bitcoin to exceed $ 140,000 by September, with a possible increase to $ 150,000 in early October ».
Bitcoin made a slight change in about $ 119,570 on Friday.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.