Crypto Market Value Tops $4 Trillion as Stablecoin Bill Passes
(Bloomberg) — The total market value of cryptoassets surged past $4 trillion for the first time, driven by a rally in altcoins and momentum from a sweeping US legislative push to regulate the sector.
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The options market shows traders are increasing bets for even higher prices in the weeks ahead.
“Bitcoin’s path to $150,000 looks increasingly inevitable,” said Fadi Aboualfa, head of research at Copper. The original cryptocurrency accounts for about 60% of the entire digital market’s value.
The milestone followed the passage of the first-ever federal legislation for stablecoins, a key accomplishment during what lawmakers have dubbed “Crypto Week.” The bill, backed by Republicans and…
